Assume the following sales data for a company: 
If 2019 is the base year, what is the percentage increase in sales from 2019 to 2020?
Definitions:
Price Equation
A formula representing the determinants of the price of a good or service, including production costs, competition, demand, and supply.
Setting Prices
The process of determining the value that will be charged for a product or service in the market, taking into consideration factors like cost, competition, and demand.
Demand Curve
A graphical representation showing the relationship between the price of a good or service and the quantity demanded by consumers over a certain period, typically illustrating the inverse relationship between price and demand.
Pricing Policies
Strategies and guidelines set by companies to determine how products or services are priced in the market.
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