# Consider the price-demand equation given by8.52, 500Calculate E(0.25), where E is the elasticity ofdemand, and select the correctinterpretations of the result.Select all that apply:O When p = 0.25 an increase in pricewill result in increased revenue.O When p = 0.25 the elasticity ofdemand satisfies E(0.25) < 1,which is inelastic.When p = 0.25 the elasticity ofdemand satisfies E(0.25) < 1,which is elastic.O When p =will result in decreased revenue.0.25 an increase in price

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1 views help_outlineImage TranscriptioncloseConsider the price-demand equation given by 8. 5 2, 500 Calculate E(0.25), where E is the elasticity of demand, and select the correct interpretations of the result. Select all that apply: O When p = 0.25 an increase in price will result in increased revenue. O When p = 0.25 the elasticity of demand satisfies E(0.25) < 1, which is inelastic. When p = 0.25 the elasticity of demand satisfies E(0.25) < 1, which is elastic. O When p = will result in decreased revenue. 0.25 an increase in price fullscreen
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