Figure 5-12 -Refer to Figure 5-12.When a New,more Productive Strawberry Plant Was

Multiple Choice

Figure 5-12

-Refer to Figure 5-12.When a new,more productive strawberry plant was developed,causing supply to increase,what happened to strawberry farmers' total revenue,and why

A) It fell from $6000 to $5250, since supply is elastic.
B) It fell from $6000 to $5250, since demand is inelastic.
C) It fell from $6000 to $5250, since supply is inelastic.
D) It fell from $6000 to $5250, since demand is elastic.