YSU recently decreased the price of their online MBA program by approximately 50%. Soon after, the number of MBA students enrolled increased by approximately 150%. Based on these measures, demand for YSU's online MBA program is ________ and YSU's total revenue from their online MBA program __________.

Question content area bottom

Part 1

A.

inelastic; increased.

B.

inelastic; decreased.

C.

elastic; increased.

D.

elastic; decreased.