Question: Given the demand function D ( p ) = 1 0 0 p , Find the Elasticity of Demand at a price of $ 5

Given the demand function D(p)=100p,
Find the Elasticity of Demand at a price of $53
At this price, we would say the demand is:
Unitary
Inelastic
Elastic
Based on this, to increase revenue we should:
Lower Prices
Raise Prices
Keep Prices Unchanged
Given the demand function D ( p ) = 1 0 0 p ,

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