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The Proprietor of the Showplace, a Video Store, Has Estimated

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The proprietor of the Showplace, a video store, has estimated that the rental price p (in dollars) of prerecorded video discs is related to the quantity x rented/day by the demand equation The proprietor of the Showplace, a video store, has estimated that the rental price p (in dollars) of prerecorded video discs is related to the quantity x rented/day by the demand equation . Currently, the rental price is $4/disc. ​Is the demand elastic or inelastic at this rental price? __________ If the rental price is increased, will the revenue increase or decrease? __________ . Currently, the rental price is $4/disc.
​Is the demand elastic or inelastic at this rental price? __________
If the rental price is increased, will the revenue increase or decrease? __________

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