1. An accountant increases the price he charges for his services by 12 percent. In response, the demand for his services decreases by 14 percent. Will the accountant's revenue from his accounting services increase, decrease, or remain unchanged? The accountant's revenue will

a. increase

b. remain unchanged

c. decrease

2. If the demand for orange juice is elastic, will anincrease in the price of orange juice increase or decrease the revenue received by orange juicesellers? If the price of orange juice increases, revenue will

a. increase

b. decrease