Figure 5-11 -Refer to Figure 5-11.An Increase in Price from $20 to from $20

question 294

Multiple Choice

Figure 5-11
-Refer to Figure 5-11.An increase in price from $20 to $30 would

• A) increase total revenue by $2,000.
• B) decrease total revenue by $2,000.
• C) increase total revenue by $1,000.
• D) decrease total revenue by $1,000.

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Definitions:

Cisg

The United Nations Convention on Contracts for the International Sale of Goods, a treaty providing a uniform framework for international commercial transactions.

Electricity

A form of energy resulting from the existence of charged particles such as electrons or protons, often used for power.

Statue Of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Specially Manufactured

Pertains to goods that are custom-made or tailored to the specific requirements of a buyer.