Question

Is there a change in the behavior of the buyers when the price of a product falls?

Answer 1

Answer:

Yes there is a significant change in the behavior of buyers when the price of a product falls

Explanation:

Not only the price drop makes the customers more likely to buy the product, but also helps in bringing new potential customers.

Usually whenever a price drops, a rise in number of products sold is expected, this is due to the reason the product of a standard quality is now priced competitively in the market at much lower prices, it's just incentive to increase the customers, who in turn react accordingly