14 Question (1 point) See page 278 Linear demand functions, while simple, are easy to interpret and have many applications Suppose demand for pens is given by the function D(p) = 60.00 - 1.00p. 2nd attempt Part 1 (0.5 point) * Feedback See Hint Suppose pens cost $2. What is the price elasticity of demand? Give your answer to two decimals. @) 0)) Part 2 (0.5 point) Feedback Q See Hint Consider a general linear demand function D(p) = a - bp. What is the general-form equation for the price elasticity of demand? Choose one