Question: Question 7 The demand function for a product is given by D(p) = _ 200 - 4p. Find the Elasticity of Demand at a price

Question 7 The demand function for a product is given by D(p) = _ 200 - 4p. Find the Elasticity of Demand at a price of $26. Give your answer to three decimal place E(26) At this price, we would say the demand is: Inelastic Unitary Elastic Based on this, to increase revenue we should: Raise Prices Keep Prices Unchanged Lower Prices

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