Question

the effect on sales of an increase in price is a decrease in​

Answer 1

Answer:

Raising the price of this product will cause a drop in demand – and the higher the number, the greater the drop. ... In simple terms: a price reduction will likely bring new customers or sales. A price increase, on the other hand, causes customers to buy less product, meaning you're losing sales.

Answer 2

Answer:

Raising the price of this product will cause a drop in demand- and the higher the number , the greater the drop.... in simple terms: a price reduction will likely bring new customers or sales. A price increase, on the other hand, causes customers to buy less product , meaning your losing sales.