Elasticity of Demand The demand equation for a certain product is 2x + 4p-400, where p is the unit price and x is the quantity demanded of the product. Find the elasticity of demand and determine whether the demand is elastic or inelastic, at the indicated prices. (a) p=5 E(5)= the demand is -Select- (b) p=2 E(2) = the demand is -Select- (c) p=9 E(9)=> the demand is -Select-

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