Question: Market demand function for rice is given Q d = 1 0 0 - P . Here P stands for rice price, Qd stands for

Market demand function for rice is given $Q d = 100 - P .$ Here P stands for rice price, Qd stands for quantity demand of rice. Answer following questions by True or False and justify your answer.

$(1)$ Price elasticity of rice demand is increasing function of rice price.

$(2)$ Demand for rice is inelastic.

$(3)$ Total revenue from selling rice is the increasing function of rice price.

$(4)$ If the quantity demand of rice is $75,$ then price elasticity of rice demand is $1 .$

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