Use the Following for Questions 108-115

question 215

Multiple Choice

Use the following for questions 108-115.
Exhibit: The Demand for Bungalow Bob's Bagels

-(Exhibit: The Demand for Bungalow Bob's Bagels) Total revenue decreases if the price ________ from ________.

• A) decreases; $0.60 to $0.50
• B) decreases; $0.70 to $0.60
• C) increases; $0.40 to $0.50
• D) increases; $0.70 to $0.80

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Definitions:

Shares

Units of ownership in a company, representing a portion of the corporation's capital, entitling the shareholder to a part of the profits.

Public Corporation

A company whose shares are publicly traded on a stock exchange, subject to regulatory scrutiny.

Proprietorship

A form of business organization owned by a single person who is responsible for its operations and entitled to its profits.

Barber Shop

A place of business that offers men hair cutting, grooming, and often, shaving services.