Use the Table Below to Answer the Following Question

Multiple Choice

Use the table below to answer the following question.
Table 4.1.5

-Refer to Table 4.1.5. The demand for hotel rooms is ________ because ________.

A) inelastic; if the price is set low enough, total revenue will decrease
B) elastic; if the price is set high enough, total revenue will decrease
C) unit elastic; a price cut leaves total revenue unchanged. Total revenue never reaches a maximum
D) decreasing as the price falls; the demand curve for hotel rooms is a straight-line demand curve
E) inelastic; if the price is set low enough, total revenue will increase