In this problem, p is in dollars and q is the number of units. Suppose that the demand for a product is given by 2p²q = 10,000 + 5000p2. (a) Find the elasticity when p $50 and q = 2502. (Round your...

Extracted text: In this problem, p is in dollars and q is the number of units. Suppose that the demand for a product is given by 2p²q = 10,000 + 5000p2. (a) Find the elasticity when p $50 and q = 2502. (Round your answer %3D (b) Tell what type of elasticity this is: unitary, elastic, or inelastic. Demand is unitary elastic. Demand is elastic. O Demand is inelastic. (c) How would revenue be affected by a price increase? An increase in price decreases revenue. An increase in price increases revenue. Revenue is unaffected by price.