Gallery Leather located in Maine produces journals and photo albums. Gallery Leather currently sells 20,000 units a month for $45 each, has variable costs of $20 per unit, and fixed costs of $300,00O. Gallery Leather is considering increasing the price of its units to $60 per unit. This will not affect costs, but demand is expected to drop 20%. Should Gallery Leather increase the price of its product?

A)No, profit will decrease $300,000.

B)Yes, profit will increase $300,000.

C)No, profit will decrease $140,000.

D)Yes; profit will increase $140,000.