Why will an increase in the price of a product reduce the amount of it purchased?

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Next Question:
In target pricing, products are priced as follows :
Posted by:
Muhammad
18-September-2014

Purchasing Demand

Question added by Adebayo Matthew
Date Posted: 2016/05/19

Upvote (0) Views (3) Followers (1) Answers (1) Report Question

Write an Answer
Register now or log in to answer.

1 Answers

Gayasuddin Mohammed

by Gayasuddin Mohammed , Advocate , Practicing Law before High Court at Hyderabad

-may be non-affordability

- not the value for money.

- its demand, etc.

Downvote Reply () Report

Popular Searches

Sales Executive Jobs Engineers Jobs Engineering Technicians Jobs Accountant Jobs Driver Jobs

Write Your Answer

More Questions Like This

What increases labor productivity in an organaisation?
Top Answer: In order to acheive ultimate productivity, one needs to consider several factors when assigning employees ... See More

Answers (3)
The assistant category manager was told to use cost-plus pricing to evaluate the profit potential of new products. This involves ?
Top Answer: b) adding a standard markup to the cost of the product .................................................. ... See More

Answers (9)
I'd like to know your point of view. Production Line 1 produces products A&B. It has 20% idle capacity as a result of efficiency improvements.
Top Answer: <p>B) Directly to the income statement as idle capacity </p> See More

Answers (12)
Which one of the following items will increase net cash flow from operating activities?
Top Answer: a. Depreciation increase the net cash flow from operating activities See More

Answers (23)

Do you need help in adding the right keywords to your CV? Let our CV writing experts help you.