The Google Play and Apple App Stores each have over a million apps available for download. A health and fitness app is priced at $2.99 and received 100,000 downloads this year. A competitor's health and fitness app, offering an almost identical service, was priced at $3.19 but only received 40,000 downloads.

Which of the following statements are true:

The point price elasticity of demand for health and fitness apps at a price of $2.99 is 8.97 (to two decimal places).

If the point price elasticity of demand is elastic, then a relatively small percentage decrease in the price of the health and fitness apps should lead to a relatively larger percentage increase in downloads.

The point price elasticity of demand for health and fitness apps at a price of $2.99 is greater than 10.

If the point price elasticity of demand for a health and fitness app is elastic at a particular price, reducing the price would increase revenue.