A monopolist. laces a demand curve tor Its product that Is given by J" = 16 Q (so its marginal revenue is 11H? 2 iii 2Q). The rm implements a small price change that results in a decrease in both revenues and consumer surplus. This implies that the (a) price was reduced and the initial price was greater than 8 (h) price was increased and the initial price was greater than 5 (c) price was reduced and the initial price was less than 8 (d) price was increased and the initial price was greater than 8 {e} none of the above