Question 10 6 pts Suppose the demand of a particular item at a certain price has elasticity E=0.2. Choose the correct phrases in the following statements: a. The demand is [Select] 9. The demand will (Select) by [Select] if the price is increased by 1%. The current price should be [Select) in order to increase revenue. b. If the current price is increased by 10%, the quantity demanded will [Select) & by [Select] Question 10 6 pts Suppose the demand of a particular item at a certain price has elasticity E=0.2. Choose the correct phrases in the following statements: a. The demand is [Select] 9. The demand will (Select) by [Select] if the price is increased by 1%. The current price should be [Select) in order to increase revenue. b. If the current price is increased by 10%, the quantity demanded will [Select) & by [Select]