A downward-sloping straight line exhibits a direct relationship between two variables

The price elasticity of demand is measured as the percentage change in quantity demanded divided by the percentage change in price

Indicate whether the statement is true or false

If demand is price elastic, a decrease in price results in a(n)

a. decrease in total expenditure on the good b. unfavorable shift in tastes and preferences c. decrease in total cost for the seller d. increase in supply of the good e. increase in total revenue to the seller