Suppose That the Demand for a Product Is Given by

Multiple Choice

Suppose that the demand for a product is given by . Find the elasticity when and and also determine how would revenue be affected by a price increase? ​

A)
) A price increase will decrease the total revenue.
B)
) A price increase will decrease the total revenue.
C)
) A price increase will increase the total revenue.
D)
) A price increase will increase the total revenue.
E)
) A price increase will decrease the total revenue.