Suppose that the price of peanuts falls from $3 to $2 per busheland that as a re

Suppose that the price of peanuts falls from $3 to $2 per busheland that as a result the total revenue received by peanut farmerschanges from $16 to $14 billion. Thus:A. no inference can be made as to the elasticity of demand forpeanuts.B. the demand for peanuts is inelastic.C. the demand for peanuts is elastic.D. the demand curve for peanuts has shifted to the right