Cause: The Government has recently increased the taxes on retail items by about 10 per cent. Which of the following can be a possible effect of the above cause?

A

The retailers will reduce the prices of retail items by about 10 per cent

B

The retailers will dose their shops till the taxes are rolled back by the Government

C

The retailers will increase the prices of retail items by about 20 per cent

D

The retailers will most probably increase the prices of retail items by about 10 percent or less than 10 percent

E

None of these