000 p 43 An electronic store can sell q 1 38 cellular phones

Last updated: 9/18/2023

000 p 43 An electronic store can sell q 1 38 cellular phones at a price p dollars per phone The current price is 106 a Is demand elastic or inelastic at p 106 b If the price is lowered slightly will revenue increase or decrease B Elastic because E p C Elastic because E p OD Inelastic because E p b If the price is lowered slightly will revenue increase or decrease O A Decrease because the demand is Elastic OB Increase because the demand is Inelastic OC Decrease because the demand is Inelastic OD Increase because the demand is Elastic 1 254 when p 106 which is greater than 1 when p 106 which is less than 1 when p 106 which is less than 1 www