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Given the demand functionD(p)=3752p^2, Find the Elasticity of Demand at a price of $4 At this price, we would say the demand is: (pick one)
Given the demand functionD(p)=3752p^2,
Find the Elasticity of Demand at a price of $4
At this price, we would say the demand is: (pick one)
- Unitary
- Inelastic
- Elastic
Based on this, to increase revenue we should: (select one)
- Keep Prices Unchanged
- Lower Prices
- Raise Prices
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