Suppose a firm lowers itsprice, and this causes Total Revenue to decrease. Is Demand(A) elastic,(B) inelastic, or(C) unitelastic? Type the answer letter only(A, B, orC) in thebox: _________

Suppose that the demand for FirmZ's product is price inelastic and FirmZ's total revenue has decreased. Has Firm Z(A) increased or(B) decreased itsprice? Type the answer letter only(A orB) in thebox: __________