Question 7 (1 point) Listen In order to increase total revenue, as a seller, it is a good idea to decrease price of a product he or she sells if the demand for the product is elastic. 1) True 2) False Question 8 (1 point) Listen Ninety-nine percent of car alarm discharges are false alarms that only serve to annoy people nearby. So, there is an of car alarms and the price of car alarms is O 1) underallocation; too high 2) underallocation; too low O 3) overallocation; too low ( 4) overallocation; too high