Examlex
Which of the following is an example of punishment?
Price Increase
A price increase occurs when the cost of goods or services rises, resulting in consumers paying more for the same quantity or quality of product.
Revenue Increase
The rise in the total income generated from the sale of goods or services.
Price Effect
The impact on the quantity demanded of a good or service due to a change in its price.
Quantity Effect
The change in the total amount consumed or produced of a good or service resulting from a change in its market price.
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