Looking to increase the profits of his lemonade stand Johanndoubled the price of

Looking to increase the profits of his lemonade stand Johanndoubled the price of a cup of lemonade from 25 cents to 50 cents.This clearly shows Johanns lack of business sense for now hellalmost certainly sell fewer cups at the new price and thereforemake less money than before.The argument above assumes that:A Johann is looking to double the profits of his lemonade standB the price increase will likely put Johann out of businessC even if Johann sells more cups at the new price than he did atthe old price hell still lose money on the lemonade standDprofits from the price increase will not offset the moneylost when fewer cups are sold