HW-24-Elasticity Section 4.10: Problem 5 (1 point) The number of people taking city buses at price p dollars per ticket is given by D(p) = 50001/6 p (a) Find the elasticity function: 130?) = as (b) Evaluate the elasticity at 1. E(1) = (c) Currently, the price per ticket is 1 dollars. Should the price be raised in order to increase revenue? ? V (d) Use the elasticity of demand to find the price which maximizes revenue? p = :3