Question: The demand function for a product is given by D() - . 125 _ 3p. Find the Elasticity of Demand at a price of $1.

The demand function for a product is given by D() - . 125 _ 3p. Find the Elasticity of Demand at a price of $1. Give your answer to three decimal places. E(1) - At this price, we would say the demand is: Elastic Inelastic Unitary Based on this, to increase revenue we should: Raise Prices Keep Prices Unchanged Lower Prices Submit

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