A business sells soft drinks at S3 a bottle and its current sales are 20,000 bottles per month. The price elasticity of demand for this product is -2.

A business sells soft drinks at S3 a bottle and its current sales are 20,000 bottles per month. The price elasticity of demand for this product is -2.

If the price is reduced to $2 70, the change in the total revenue for the business will be:
A . -S3,300
B . +54.800
C . -SI 6.800
D . +S4.000

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Answer: A