Figure 5-14 Price $5 3 X 0 1000 1500 | 2000 2500 Quantity 1750 Refer to the figure. When a new, more productive strawberry plant was developed, causing supply to increase, what happened to strawberry farmers' total revenue, and why? It fell from $6000 to $5250, since supply is elastic. O It fell from $6000 to $5250, since demand is inelastic. O It fell from $6000 to $5250, since supply is inelastic. O It fell from $6000 to $5250, since demand is elastic