Math  /  Algebra

QuestionGiven the demand function D(p)=3753p2D(p)=375-3 p^{2}, Find the Elasticity of Demand at a price of \22 \square$ At this price, we would say the demand is: Elastic Unitary Inelastic
Based on this, to increase revenue we should: Keep Prices Unchanged Lower Prices Raise Prices

Studdy Solution
At a price of $2\$2, the elasticity of demand is approximately 0.066-0.066.
The demand is **inelastic**.
To increase revenue, we should **raise prices**.

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