A depreciation of the U.S. dollar has the same effect on aggregate supply as an increase in foreign prices

All else equal, as the price of a product falls, the quantity supplied decreases

Indicate whether the statement is true or false

In which of the following cases will total revenue increase?

A. Price falls and demand is inelastic. B. Price falls and supply is elastic. C. Price rises and demand is inelastic. D. Price rises and demand is elastic.