A business alters the price of its product and discovers that its revenue rises. Which pair of price change and price elasticity of demand would explain this?
- Aprice falls; price elasticity of demand between $0$ and $1$
- Bprice falls; price elasticity of demand equal to $1$
- Cprice rises; price elasticity of demand between $0$ and $1$
- Dprice rises; price elasticity of demand greater than $1$