Question

Question 1

Given the demand function D(p) = √/100 - 2p
Find the Elasticity of Demand at a price of $6.
At this price we would say demand is
Inelastic
Unitary
Elastic

Based on this to increase revenue we should
Lower prices
Keep prices unchanged
Raise prices

Answer 1

At this price, i would say the demand is: Unitary Inelastic Elastic Based on this, to increase revenue we should: Lower Prices Raise Prices Keep Prices