Parent's Inc. produces packages of diapers. Parent's Inc. is examining various pricing options. a. When decreasing the price of diapers from $10 to $8, total revenue increases. Demand is price multiple choice 1 elastic. unit-elastic. inelastic. b. When decreasing the price of diapers from $4 to $3, total revenue decreases. Demand is price multiple choice 2 unit-elastic. inelastic. elastic. c. Suppose Parent's, Inc. would like to find the revenue maximizing price. At this price, demand is price multiple choice 3 elastic. inelastic. unit-elastic