A jeweler cut prices in his store by 20%. As a result:
A.
Its total revenue would fall by 20% if the elasticity of demand was zero.
B.
Its total revenue would fall, but by less than 20% if the elasticity of demand is greater than zero but less than one.
C.
Its total revenue would rise if the elasticity of demand is greater than one.
D.
All of the above would be true.