If a Union Argues That a Price Cut Will Boost

Multiple Choice

If a union argues that a price cut will boost revenues of the firm and management argues that the opposite is true, then the price elasticity of demand is:

A) unit-elastic from the union's perspective and unit-inelastic from management's perspective.
B) perfectly inelastic from the union's perspective and perfectly elastic from management's perspective.
C) elastic from the union's perspective; inelastic from management's perspective.
D) inelastic from the union's perspective; elastic from management's perspective.