Econ question

A seller of yoga mats in Los Angeles decided to increase its price from $40 to $45 As a result of the price increase, the number of yoga mats sold by the company dropped by 8% Based on the demand elasticity at the original price, what is the impact of the price change on the firm's total revenue and profit (assuming a decrease in quantity produced leads to a decrease in total cost)? 0 a. Increase in both total revenue and prot 0 b' Both the effects on revenue and prot are unknown O c, Increase in total revenue but we cannot know the effect on profits 0 do Decrease in total revenue but we cannot know the effect on profits 0 e. Decrease in both total revenue and profit