You Raised the Price of Your Good by 40% and the Quantity

Multiple Choice

You raised the price of your good by 40% and the quantity demanded did not change. Demand is:

A) completely elastic and a decline in price would have yielded a total revenue decrease.
B) completely inelastic and a decline in price would have yielded a total revenue increase.
C) completely elastic and a decline in price would have yielded a total revenue increase.
D) completely inelastic and a decline in price would have yielded a total revenue decrease.
E) unitary elastic and a decline in price would have yielded a total revenue decrease.