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Suppose that the elasticity of demand for a product is 0.5. What will happen to total revenue as a firm increases the price? O A.

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Suppose that the elasticity of demand for a product is 0.5. What will happen to total revenue as a firm increases the price? O A. Total revenue will increase. O B. Total revenue will stay the same O C. Total revenue will decrease. O D. It cannot be determined from the information provided.

Suppose that the elasticity of demand for a product is 0.5. What will happen to total revenue as a firm increases the price? A. Total revenue will increase B. Total revenue will stay the same. C. Total revenue will decrease. OD. It cannot be determined from the information provided.

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