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Cherry Street Market reported the following information for the sales of their only product, cherries sold by the pint: Cherry Street would like to increase

Cherry Street Market reported the following information for the sales of their only product, cherries sold by the pint: Cherry Street would like to increase their selling price by 50 cents per unit, and feel that this will decrease sales volume by 10%. Should Cherry Street increase the price, and what will the effect be on net operating income?

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