Figure 7-12 -Refer to Figure 7-12. an Increase in Price from $30

question 62

Multiple Choice

Figure 7-12
-Refer to Figure 7-12. An increase in price from $30 to $35 would

• A) increase total revenue by $250
• B) decrease total revenue by $250.
• C) increase total revenue by $500.
• D) decrease total revenue by $500.

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Definitions:

Retail Theft Diversion

Programs designed to educate and rehabilitate individuals who have committed retail theft, often as an alternative to criminal charges.

Corrective Education Company

A company or organization that focuses on reformative and educative programs aimed at correcting behavior, typically for minor offenders or as an alternative to traditional punishment.

Privately-Operated

Describes facilities or services that are managed by individuals or corporations rather than the government.

Just Deserts

A concept in justice and ethics where individuals are believed to deserve punishment or reward commensurate with their actions.