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Given the demand functionD(p)=1254p, Find the Elasticity of Demand at a price of $22 _______________ At this price, we would say the demand is: Unitary

Given the demand functionD(p)=1254p,

Find the Elasticity of Demand at a price of $22

_______________

At this price, we would say the demand is:

Unitary
Inelastic
Elastic

Based on this, to increase revenue we should:

Keep Prices Unchanged
Raise Prices
Lower Prices

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