A clothes retailer has experimented with changing the prices of various items of clothing sold in their shop. The table below shows the different prices per item in 2 years. Year 1 Year 2 Socks £6 £8 T-shirts £15 £11 Trainers £40 £42 Trousers £33 £38 Other things being equal, which one of the following changes from Year 1 to Year 2 is the retailer most likely to experience? A A decrease in revenue from socks if the price elasticity of demand is minus one B A decrease in revenue from T-shirts if the price elasticity of demand is elastic C An increase in revenue from trainers if the price elasticity of demand is inelastic D An increase in revenue from trousers if the price elasticity of demand is elastic

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