Multiple Choice

A local hat shop initially sells 20 hats per week at a price of $10 each. After increasing the price to $12, weekly sales fall to 15 hats. A business consultant analyzes this data and concludes: 'The price increase was a poor business decision because the shop sold fewer hats.' Which of the following statements provides the best critique of the consultant's reasoning?

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Updated 2025-10-07

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