Question: Given the demand function D ( p ) = 1 2 5 - 4 p 2 , Find the Elasticity of Demand at a price

Given the demand function D(p)=125-4p2,
Find the Elasticity of Demand at a price of $2
At this price, we would say the demand is:
Unitary
Elastic
Inelastic
Based on this, to increase revenue we should:
Raise Prices
Lower Prices
Keep Prices Unchanged
Given the demand function D ( p ) = 1 2 5 - 4 p 2

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