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Given the demand equation x = 12 + 32 p where p represents the price in dollars and x the number of units, determine the

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Given the demand equation x = 12 + 32 p 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 $5, Elasticity of Demand = Therefore, demand is inelastic elastic O unitary when price is equal to $5 and a small increase in price will result in little to no change in total revenue. an increase in total revenue. a decrease in total revenue

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