C webassign.net/web/Student/Assignment-Responses/submit?dep=29230575&tags=autosave#question4907437_9 0. [0/1 Points] DETAILS PREVIOUS ANSWERS Math 110 Course Resources - Marginal Analysis & Elasticity Course Packet on elasticity of demand Given the demand equation x = 8 +-, where p represents the price in dollars and x the number of units, determine the elasticity of demand when the price p is equal to $2. P Elasticity of Demand = X Therefore, demand is O unitary O elastic O inelastic when price is equal to $2 and a small increase in price will result in an increase in total revenue. O a decrease in total revenue. O little to no change in total revenue. Submit Answer 1. [0.68/1 Points] DETAILS PREVIOUS ANSWERS