Question: Elasticity of demand is E ( p ) = - p f ' ( p ) f ( p ) . Match each situation with

Elasticity of demand is E(p)=-pf'(p)f(p). Match each situation with the proper values of E(p).
A small decrease in unit price will cause revenue to increase.
A small increase in the unit price will cause revenue to decrease.
A small increase or decrease in unit price will causes revenue to decrease.
A small increase in unit price will cause revenue to
E(p)>1
E(p)1
E(p)=1
Elasticity of demand is E ( p ) = - p f ' ( p ) f

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