What could be the cause of an increase in a firm's sales number?
A) The firm has decreased prices.
B) Fewer units of product have been sold.
C) The firm has increased prices and volume of sales.
D) The firm has decreased prices and volume of sales.

Question

Quizplus · Accepted Answer

The increase in sales number could be due to a combination of the firm increasing prices (resulting in higher revenue per unit sold) and increasing the volume of sales (selling more units overall). Decreasing prices or selling fewer units would result in a decrease in sales number.

What Could Be the Cause of an Increase in a Firm's