Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $14 and sells them for $20. Adams current breakeven point is 15,000 hats per year.

(f) Adam's supplier is increasing the price of hats to $15. What actions should Adam consider in response to his suppliers price increase?

Adam Granger operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $14 and sells them for $20. Adam's current breakeven point is 15,000 hats per year. Adam's supplier is increasing the price of hats to $15. What actions should Adam consider in response to his supplier's price increase