If a Firm Facing a Linear Demand Curve Experiences an Increase

Multiple Choice

If a firm facing a linear demand curve experiences an increase in total revenue after lowering the price

A) the initial price was set at a point where the demand is inelastic.
B) the initial price was set at a point where the demand is elastic.
C) the new price is set where the demand is perfectly elastic.
D) the new price is set where the demand is perfectly inelastic.