Answer
Q5) Ans: option a -- The demand curve is inelastic.
Work Step by Step
When the demand curve is inelastic, an increase in supply will not proportionately impact the quantity demanded of a commodity. Hence price will fall by more than the increase in the equilibrium quantity sold, which will finally decrease the total revenue. Refer to the figure shared and you will find that demand curve being inelastic, when supply curve shifts rightwards, the fall in price of the commodity is greater than the rise in the equilibrium quantity sold. This reduces the total revenue received from the sale of the commodity(Look at the area of rectangles)
