Question: Hello! Can somebody please help me answer for part (b) for numbers 12 and 13? Thank you! 0 I 0 The demand equation For the

Hello! Can somebody please help me answer for part (b) for numbers 12 and 13? Thank you!

Hello! Can somebody please help me answer for part (b) for numbers12 and 13? Thank you! 0 I 0 The demand equation For

0 I 0 The demand equation For the Roland portable hair dryer Is given as follows where x (measured In units of a hundred) Is the quantity demanded per week and p is the unit price In dollars. x=(225p2) (09315) (a) Is the demand elastic or Inelastic when p - 5'? O elastic inelastic I Is the demand elastic or inelastic when p - 10? o elastic O inelastic I (b) When is the demand unitary? (Round your answerto two decimal places.) (Hint: Solve E(p) - 1 for p.) p - (c) If the unit price is lowered slightly from $10, will the revenue increase or decrease? 0 increase 0 decrease I (d) Ifthe unit price is increased slightly from $5, will the revenue increase or decrease? 0 increase 0 decrease I The quantity demanded each weekx (in units of a hundred) of the Mikado digital camera 15 related to the unit price p {in dollars) by the demand equation x- J4on- 5p (05.9550). (a) Is the demand elastic or Inelastic when p - an? O elastic o Inelastic J when p - 60? o elastic O Inelastic J (b) When is the demand unitary? p - (c) If the unit price is lowered slightly from $60, will the revenue Increase or decrease? 0 Increase 0 decrease J (d) If the unit price ls Increased slightly from $30, will the revenue lncream or decrease? 0 increase 0 decrease J

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