if the demand for doughnuts is downward sloping, what will a decrease in the price of doughnuts do?
select one:
a. if the elasticity of demand is elastic, it will increase the total revenue of doughnut sellers.
b. if the elasticity of demand is elastic, it will decrease the total revenue of doughnut sellers.
c. if the elasticity of demand is inelastic, it will increase the total revenue of doughnut sellers.
d. if the elasticity of demand is perfectly elastic, it will not change the total revenue of doughnut sellers.
e. none of the above.