Aunt Beatrice sells gourmet chocolate chip cookies for $32 per dozen. Last month, she sold 40 dozen. This month, she increased the price to $36 per dozen and sold 38 dozen. What does this indicate about the elasticity of demand for the cookies? Group of answer choices Demand is inelastic because total revenue declined to $1,280. Demand is elastic because total revenue increased to $1,280. Demand is inelastic because total revenue increased to $1,368. Demand is elastic because total revenue declined to $1,368