If demand is inelastic and price is lowered,total revenue will

A) rise.
B) fall.
C) stay the same.
D) possibly rise or possibly fall.

Inelastic

A description of a good's demand when consumers’ demand for it does not significantly change with a change in the good's price.

Total Revenue

The total income received by a firm from its sales of goods or services, calculated as the quantity sold times the price per unit.

Price Lowered

A decrease in the cost of a good or service to consumers.