Answer the Following Questions Using the Information Below:
LeBlanc Lighting

question 68

Multiple Choice

Answer the following questions using the information below:
LeBlanc Lighting manufactures table lamps and is considering raising the price by $15 a unit for the coming year.With a $15 price increase,demand is expected to fall by 2500 units.
$$\begin{array} { l r r } & \text { Current } & \text { Projected } \\ \text { Demand }& 20000 \text { urits } & 17500 \text { urits } \\\text { Selling price }& \$ 150 & \$ 165 \\\text { Variable costs per unit } & \$ 100 & \$ 100\end{array}$$

-Would you recommend the $15 price increase?

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Definitions:

Complex

A system or problem consisting of numerous interlinked parts or aspects that are difficult to understand, predict, or solve due to their intertwined nature.

Reduction

The process of diminishing or lessening complexity, quantity, or size in various contexts, including data, operations, or physical materials.

Reactive Thinking

A type of thinking where responses are based on immediate emotions or preconceptions rather than logical reasoning.

Reflective Thinking

A cognitive process that involves examining and analyzing one's thoughts, actions, and experiences to gain new insights or understandings.