If the Short Run Elasticity of Demand for a Good

Multiple Choice

If the short run elasticity of demand for a good was greater than 1, an increase in the price of the good would tend to:

A) ​increase total revenue in both the short run and the long run.
B) ​increase total revenue in the short run but not the long run.
C) ​decrease total revenue in the short run and the long run, but by more in the short run.
D) ​decrease total revenue in the short run and the long run, but by more in the long run.