Assuming price elasticity of demand is reported as an absolute value, a price elasticity of demand greater than one indicates demand:

A. for the good is elastic

B. for the good is inelastic

C. for the good is unitary elastic

D. Cannot be determined without more information

When the quantity effect outweighs the price effect:

A. a price increase will cause a decrease in total revenue

B. a price increase will cause an increase in total revenue.

C. a price decrease will cause a decrease in total revenue.

D. None are correct