Figure 5-8 -Refer to Figure 5-8.When Price Falls from $25 to $20,demand

Multiple Choice

Figure 5-8
-Refer to Figure 5-8.When price falls from $25 to $20,demand is

A) inelastic,since total revenue decreases from $4,000 to $2,500.
B) inelastic,since total revenue increases from $2,500 to $4,000.
C) elastic,since total revenue increases from $2,500 to $4,000.
D) unit elastic,since total revenue does not change.