Imagine a downward-sloping demand curve with price (P) on the vertical axis and quantity consumed (Q) is on the horizontal axis. At the current price and quantity, the arc price elasticity of demand is - 0.75. If the price is increased by 20% (in the choices below Q is quantity and R is revenue): 01. Q increases and Rincreases (A) 2. Q decreases and increases (B) 3. Q decreases and decreases (C) 4. Rincreases by 20% (D) 05. Rincreases by 19.25% (E) 06. Rincreases by 2% (F) 7. A&D 8. A&E 9. A&F 10.B &D 11.B&E 12.B&F 13. None of the given alternatives is correct