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24. [0.611 Points] DETAILS PREVIOUS ANSWERS 2/100 Submissions Used Determine whether each statement is true or false. (a) If demand is unitary when the unit
24. [0.611 Points] DETAILS PREVIOUS ANSWERS 2/100 Submissions Used Determine whether each statement is true or false. (a) If demand is unitary when the unit price is p = $7, then revenue will decrease if the unit price is increased slightly from $10. OTrue OFalse (b) The Total Revenue is increasing when the demand is elastic and the price is increased slightly. OTrue OFalse (c) The Total Revenue is decreasing when the demand is elastic and the price is increased slightly. OTrue OFalse (d) Ifdemand is unitary when the unit price is p = $7, then revenue will increase if the unit price is increased slightly from $10. OTrue OFalse (e) IfX = c is a critical point of the function f, then f(c) is a relative maximum or a relative minimum. OTrue OFalse
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