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Just Parts A and B. Image attached. 9 QUESTION 1 Consider the following demand function for novelty piano-themed neckties: 13(1)) = 280 413 (a) Find

Just Parts A and B. Image attached.

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9 QUESTION 1 Consider the following demand function for novelty piano-themed neckties: 13(1)) = 280 413 (a) Find the equation for the inverse demand function and then plot the demand curve (you can sketch by handl (I3) Calculate the elasticity of demand at the price p = 20. {c} Write a sentence or two to interpret the elasticity of demand at p = 20

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