Given the demand equation $x=10+\frac{50}{p},$ where $p$ represents the price in dollars and $x$ the number of units, determine the elasticity of demand when the price $p$ is equal to $$10.$

Elasticity of Demand $=$

Therefore, demand is

$$

when price is equal to $$10$ and a small increase in price will result in

$$ an increase in total revenue.

a decrease in total revenue.

little to no change in total revenue.