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Johnson is considering raising the selling price of its product by 10%. The higher selling...

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Accounting

Johnson is considering raising the selling price of its product by 10%. The higher selling price is expected to cause a 10% decrease in sales volume. What would be the increase or decrease in net income if both of these changes occur?

a. Increase of $8,400

b. Decrease of $5,600

c. Decrease of $4,200

d. Net income would be unchanged.

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