Identify the accurate statement(s) describing the relationship among demand Question 45 45 Identify the accurate statement(s) describing the relationship among demand, Not yet blot yeted price elasticity, and total revenue answered Points out of Select one: Bajots out of Select one: 6.00 Where the demand curve is elastic, a lower price increases total Flag a. where the demand curve is elastic, a lower price increases total Fu Flag revenue question Buoy at the level of quitout where demand b. total revenue reaches a maximum at the level of output where demand is unit-elastic revenue c. where the demand curve is inelastic, decreases in price reduce total revenue d. where the demand curve is elastic a higher price decreases total e. all of the above are accurate f. only a., b., and c. above represent accurate statements evious page EXAM II (Guide)