If Seagram's Marketers Found That the Firm's Crown Royal Bourbon

Multiple Choice

If Seagram's marketers found that the firm's Crown Royal bourbon was a prestige product and raised its price, which of the following would most likely happen?

A) The quantity demanded would immediately fall.
B) The quantity demanded would always increase.
C) Above some price level, the quantity demanded would begin to decrease.
D) The demand curve for the product would always shift to the right.
E) The demand curve for the product would always shift to the left.