Economy, asked by kumarbhavin171, 2 months ago

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

Answers

Answered by Anonymous
4

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.

Answered by ankitag146
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.

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