Elastic Demand Exists When A(n)

Elastic demand exists when a(n)

A) a small percentage decrease in price produces a smaller percentage increase in quantity demanded and total revenue falls.
B) a small increase in price results in a relatively large decrease in demand.
C) a small percentage decrease in price produces a larger percentage increase in quantity demanded and total revenue increases.
D) an increase in price causes a larger increase in quantity demanded and total revenue falls to zero.
E) a small percentage decrease in price produces a smaller percentage decrease in quantity demanded and total revenue increases.