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In this problem, p is in dollars and q is the number of units. Suppose that the demand for a product is given by 2p-g = 30,000 + 700Op-, (a) Find the elasticity when p = $50 and g = 3506. (Round your answer to four decimal places.) 4 (b) Tell what type of elasticity this is: unitary, elastic, or inelastic. Demand is unitary elastic. Demand is elastic. Demand is inelastic. (c) How would revenue be affected by a price increase? An increase in price increases revenue. An increase in price decreases revenue. Revenue is unaffected by price