Economy, asked by rojameena245, 3 months ago

To increase the demand of his product, should he decrease the price.

Answers

Answered by IIUNKNoWNBoYII

Answer:

Therefore, if a price for a particular product goes up and the customer is aware of all relevant information, demand will be reduced for that product. Should price decline, demand would increase. That is, the quantity demanded typically rises causing a downward sloping demand curve.

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