Question: Suppose a decrease in the supply of bottled water results in an increase in revenue. This indicates that O A. the demand for bottled water

Suppose a decrease in the supply of bottled water results in an increase in revenue. This indicates that O A. the demand for bottled water is inelastic in the price range considered. 0 B. the demand for bottled water is elastic in the price range considered. 0 C. the supply of bottled water is inelastic in the price range considered. O D. the supply of bottled water is elastic in the price range considered

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