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. Question 5 v 225 Given the demand function Dfp) = Y, Find the Elasticity of Demand at a price of 552 At this price,
. Question 5 v 225 Given the demand function Dfp) = Y, Find the Elasticity of Demand at a price of 552 At this price, we would say the demand is: '33:? Unitary '33:? ELastic '12} IneLastic Based on this, to increase revenue we should: '3' Keep Prices Unchanged '12} Lower Prices '33.:3' Raise Prices Question 6 Given the demand function D(p) = v 100 -4p, Find the Elasticity of Demand at a price of $22 At this price, we would say the demand is: O Inelastic Elastic O Unitary Based on this, to increase revenue we should: O Lower Prices O Raise Prices O Keep Prices Unchanged. Question ? 1r ( > Suppose the demand for a product is given by Dfp) 2 2p + l. A} Calculate the elasticity of demand at a price of $15. Elasticity = I I {Round to three decimal places.) B] At what price do you have unit elasticity? {Round your answer to the nearest penny] Price = S '. J
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