-In the Figure Above,when the Price Falls from $8 to $7,total

Multiple Choice

-In the figure above,when the price falls from $8 to $7,total revenue

A) increases from $120 to $210 so demand is elastic.
B) decreases from $210 to $120 so demand is inelastic.
C) increases from $120 to $210 so demand is inelastic.
D) decreases from $210 to $120 so demand is elastic.
E) increases from $120 to $210, but more information is needed to determine whether demand is elastic, inelastic, or unit elastic.