Given the demand equation x + % 30 = 0, where p represents the price in dollars and x the number of units, determine the value of p where the elasticity of demand is unitary. This is the price at which total revenue is O minimized O maximizad Given the demand equation x3 + 15p = 200, where p represents the price in dollars and x the number of units, determine the value of p where the elasticity of demand is unitary. If the current price is 11 dollars and price is increased by 1%, then total revenue will O increase O decrease Given the demand equation x = 12 +, 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 $5. Elasticity of Demand = I:I Therefore, demand is O inelastic O elastic O unitary when price is equal to 5 and a small increase in price will result in O a decrease in total revenue. (O little to no change in total revenue. O an increase in total revenue. Determine whether each statement is true or false. You have one submission for each statement. {a) If demand is unitary when the unit price is p = 54, then revenue will decrease if the unit price is increased slightly from 5. Crrue OFalse (b) If demand is unitary when the unit price is p = 34, then revenue will decrease if the unit price is increased slightly from 3. OTrue OFalse (c) Total revenue is decreasing when the demand is elastic and the price is increased slightly. Crrue OFalse (d) Total revenue is maximized at the equilibrium point. Crue OFalse (&) Total revenue is increasing when the demand is inelastic and the price is increased slightly. OTrue OFalse (f) Total revenue is maximized when the demand is unitary. Crrue OFalse