caycen12 caycen12

14-09-2020
Business

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A business initially sells their product to customers for $50. They find that many people are buying their product so they rise the price to $100. Which of the following is a likely response that they will receive from the customers?

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smith5625 smith5625

14-09-2020

Answer: It will reduce in demand

Explanation: If you raise a price customers are less likely to buy it when it’s at a higher price

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