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24. [11 Points] DETAILS 0/100 Submissions Used Determine whether each statement is true or false. (a) If demand is unitary when the unit price is
24. [11 Points] DETAILS 0/100 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 increase if the unit price is increased slightly from $5. OTrue OFalse (b) The Total Revenue is increasing when the demand is inelastic and the price is increased slightly. OTrue OFalse (c) The Total Revenue is maximized when the demand is unitary. OTrue OFalse (d) The Total Revenue is decreasing when the demand is inelastic and the price is increased slightly. OTrue OFalse (e) x) is concave down on the interval (a,b) if f'(x) is decreasing on (3,1)). OTrue OFalse
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