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The Profit & Loss Account

The aim of these question is to assess how an increase in price will impact on the profit & loss account.

What should happen to net profit if the price of the good increases?(select one answer)

(a) * increase
(b) * decrease
(c) * remain the same

What is the impact of an increase in price to £9.40 on the profit & loss account? Try This

(Type your answer to the previous question in the box below, then click on explain)

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