Consider the following demand function with a constant slope. Let describe the quantity demanded of the product with respect to price. In this instance will take the form where .
Note: The following is a graph of not .


(Click on graph to enlarge)

The price elasticity of demand as a function of price is given by the equation .
Find and (your answers should be in terms of and ).



Which of the following graphs best matches the elasticity function for the above demand function?

 
A   B
 
C   D

(Click on a graph to enlarge it.)

You can earn partial credit on this problem.