When Kelsey Decreases Her Price of Lipstick from $7 to $5,she

Multiple Choice

When Kelsey decreases her price of lipstick from $7 to $5,she finds that her sales increase from 6 to 7.She faces ________ demand for her product,and this price change will ________ her total revenue.

A) elastic; raise
B) inelastic; lower
C) unitary elastic; not change
D) perfectly elastic; raise
E) perfectly inelastic; lower