If a Cut in Prices Decreases Total Revenue in the Short

Multiple Choice

If a cut in prices decreases total revenue in the short run, what will it do to total revenue in the long run?

A) ​It will decrease total revenue in the long run.
B) ​It will increase total revenue in the long run.
C) ​It will leave total revenue unchanged in the long run.
D) ​Any of the above results are possible in the long run.