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aleksandrvk [35]
3 years ago
5

You produce a new graphic T-shirt and decide to charge a price of $50. No one is buying the shirts. This signals you to _____.

Social Studies
2 answers:
mrs_skeptik [129]3 years ago
8 0

This signals you to <u>reduce the price of your product. </u>

Consumers are not willing to pay such a high price for your product. But the demand curve is downward-sloping for normal goods, which means that according to the law of demand, when the price of a good or service decreases, the amount desired and purchased by consumers increases. <u>Prices needs to be decreased until positive demand figures are registered. </u>

coldgirl [10]3 years ago
3 0
Reduce the price, change the logo or stop selling altogether
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