Question: . A 25 percent decrease in the price of breakfast cereal leads to a 30 percent increase in the quantity of cereal demanded. As a

. A 25 percent decrease in the price of breakfast cereal leads to a 30 percent increase in the quantity of cereal demanded. As a result:

A. total revenue will decrease.

B. total revenue will increase.

C. total revenue will remain constant.

D. the elasticity of demand will increase.

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