Question: Q9: Hello can you help me solve please ? D Question 9 12 pts Suppose the demand equation for a product is q = 40

Q9: Hello can you help me solve please ?

D Question 9 12 pts Suppose the demand equation for a product is q = \\40 - 6p. where q is the quantity demanded and p is the price in dollars. Determine the price elasticity of demand E when p = 6 and select the correct interpretation. O E 1. Demand is elastic. Increasing prices will lead to a decrease in revenue. O E > 1. Demand is inelastic. Increasing prices will lead to an increase in revenue

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