(1 point) The number of people taking city buses at price p dollars per ticket is given by D(p) = 5000 6 - p (a) Find the elasticity function: E(p) = (b) Evaluate the elasticity at 3. E(3) = (c) Currently, the price per ticket is 3 dollars. Should the price be raised in order to increase revenue? ? V (d) Use the elasticity of demand to find the price which maximizes revenue? p =(1 point) The demand for a product can be approximated by q = D(p) = 36V32 p2, where p represents the price of the product, in dollars, and q is the quantity demanded. (a) Find the elasticity function: E(p) = iii (b) Evaluate the elasticity at 5.2. E(5.2) = (c) Should the unit price he raised slightly from 5.2 in order to increase revenue? ? v (1 point) The demand for a product can be approximated by q = D(p) = 9030101;: , where p represents the price of the product, in dollars, and q is the quantity demanded. (a) Find the elasticity function: Ear) = (b) Evaluate the elasticity at 8. E(8) = EEE (c) Should the unit price he raised slightly from 8 in order to increase revenue? ? v (d) Use the elasticity of demand to find the price p which maximizes revenue for this product. p = 5!! Round to three decimal places as needed. (1 point) The demand for a product can be approximated by q = D(p) = 110e'0'01p, where p represents the price of the product, in dollars, and q is the quantity demanded. (a) Find the elasticity function: E(p) = EEE (b) Evaluate the elasticity at 7. E(7) = (0) Should the unit price he raised slightly from 7 in order to increase revenue? 1? v (d) Use the elasticity oi demand to find the price p which maximizes revenue for this product. p = iii Round to three decimal places as needed