Business Studies, asked by asta0753, 4 months ago

one product that you often buy. Will you stop buying it if increase it price?

Answers

Answered by himanshi0836
1

Answer:

we can buy such a product which is useful to use. so, as a example i'll buy the pair of shoes.

From a cause-effect perspective, increased prices typically result in reduced demand. In economics, the price-demand relationship is known as the law of supply and demand. ... When a business raises its prices, it usually believes the increased revenue per item will exceed the lost sales that result.

hope it helps you...

please mark it as brainlist answer...

Answered by deepufulwani76
0

Explanation:

Usually I buy a lot of products in my daily life but one of them that I often buy are candies.

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