Assig n ment Details In today's fast-paced worldr new iaws and technologies come along that can change the way a business operates and its costs structure. Recently. Valley Farms restaurant's costs went up because of a new higher 11inimum wage in their area. Theyr decide to raise their average meal ticket price, from $1416. to cover the higher cost. Their variabie costs are 60% of the selling price. and their xed costs are \"0.000 per month. I Discuss the costvolumeprofit relationships restaurants should consider before raising their prices. I Share some of the nonsmonetary factors to consider before raising a seiling price. Responses to Peers Read through your peers' posts, and respond to a minimum of 2 ofyour peers. You can connect to your peers in several ways. including the following: I Discuss how consumers might react to the new higher prices I Discuss nonfinancial considerations that businesses use to retain customers