If a Bakery Raises the Price of Its Bread by 11

Multiple Choice

If a bakery raises the price of its bread by 11 per cent and the quantity demanded decreases by 11 per cent, then the demand for its bread is ________ and the bakery's total revenue ________.

A) unit elastic; increases
B) elastic; does not change
C) unit elastic; decreases
D) unit elastic; does not change
E) inelastic; does not change