At one McDonald's restaurant, the daily demand for cheeseburgers is given by q = 500 200p where p is the price (in dollars] for a cheeseburger, and q is the number of cheeseburgers sold by the store in a single day. a. (5 points) What is the formula for the price elasticity of demand when cheeseburgers are priced at p dollars each? b. (4 points) What is the price elasticity of demand at a price of $1. 50 per cheeseburger? Interpret your answer in a sentence or two. c. {3 points} How much should this McDonald's charge for a cheeseburger to maximize daily revenue? Please give a one or two sentence summary on how you found this