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nment: Using Supply and Demand 37/43 answered e in a day Assume demand is elastic. Click the corresponding arrow to indicate how quantity, revenues, costs, and profit will be affected if prices are increasing or decreasing. If there is not enough information to tell, do not select an answer for that section. [Image description: The table rows are price (increases) and price (decreases). The columns are quantity, revenues, costs, and profits, each with corresponding up and down arrows showing how they will be affected if prices are increasing or decreasing.] Elastic Demand Price Quantity Revenues Costs Profits Increases Decreases