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An electronic store can sell q= 12,000 (p+59) - 30 cellular phones at a price p dollars per phone. The current price is $136.

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An electronic store can sell q= 12,000 (p+59) - 30 cellular phones at a price p dollars per phone. The current price is $136. (a) Is demand elastic or inelastic at p = 136? (b) If the price is lowered slightly, will revenue increase or decrease? (a) Is the demand elastic or inelastic at p = 136? (Type an integer or a decimal rounded to three decimal places as needed.) OA. Inelastic, because E(p)= OB. Elastic, because E(p) = OC. Elastic, because E(p)= OD. Inelastic, because E(p)= when p = 136, which is greater than 1. when p=136, which is greater than 1. when p=136, which is less than 1. when p= 136, which is less than 1.

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