Which of the following is likely to have the smallest price elasticity of demand?

Suppose that demand is inelastic within a certain price range. For that price range,

a. an increase in price would increase total revenue because the decrease in quantity demanded is proportionately less than the increase in price. b. an increase in price would decrease total revenue because the decrease in quantity demanded is proportionately greater than the increase in price. c. a decrease in price would increase total revenue because the increase in quantity demanded is proportionately smaller than the decrease in price. d. a decrease in price would not affect total revenue.

The production of methamphetamine (meth) is a social problem in the Midwest. Iowa is considering two potential programs: Operation Methbust would increase the number of sheriffs' deputies to search out and destroy methamphetamine labs. Operation Say No to Meth would increase the training required of public school teachers so that they could better educate students about the health risks of using meth. Assuming that each program were successful, which of the following statements is correct?

a. Both Operation Methbust and Say No would reduce the demand for meth. b. Both Operation Methbust and Say No would reduce the supply of meth. c. Operation Methbust would reduce the demand for meth; Operation Say No would reduce the supply of meth. d. Operation Methbust would reduce the supply of meth; Operation Say No would reduce the demand for meth.