HW-24-Elasticity Section 4.10: Problem 6 (1 point) The demand for a product can be approximated by q = D(p) = 35V 32 {12 where p represents the price of the product, in dollars, and q is the quantity demanded. (a) Find the elasticity function: E(p) = (b) Evaluate the elasticity at 4.5. E(4.5) = (c) Should the unit price be raised slightly from 4.5 in order to increase revenue? '1 V