Consider the price-demand equation given by 8 1 Р x. 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: When p = 0.25 an increase in price will result in increased revenue. 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. When p = 0.25 an increase in price will result in decreased revenue. 目

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