Scenario 4.3: The Demand for Erasers (Q) Is Given as Follows

Scenario 4.3:
The demand for erasers (Q) is given as follows:
Q = 240 - 4Pe + 2I + Pb + A
where Pe is the price of erasers
I is the level of income
Pb is the price of another good
A is the level of advertising
Suppose that Q = 240, Pe = 10, Pb = 10, and A = 2.
-Given the information in Scenario 4.3, suppose that the price of erasers increases slightly from $10. How will this affect the total revenue collected by the firm?

A) Total revenue will increase.
B) Total revenue will not change.
C) Total revenue will decrease.
D) There will be an indeterminate change in total revenue.