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Ede4ka [16]
4 years ago
8

Which of the following will probably happen to a product when demand is low? A. The price will go up. B. The price will go down.

C. The price will stay the same. D. The price will change based on inflation. Please select the best answer from the choices provided A B C D
Business
1 answer:
viva [34]4 years ago
7 0

Answer:

The price will go down.

Explanation:

The price will be lowered because it's demand isn't high enough to be the price it was originally sold at. So because consumers don't want it that much, it wont go on the market for as much.

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3 years ago
If washburn guitars were to lower the price of the maya pro dd75 to $2,499 from $2,699, sales of the guitar would increase 30 pe
inn [45]

The Washburn guitars reduces their price from  $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>

<h3>What do you mean by elastic demand?</h3>

When the price of a product has a massive effect on the quantity purchased is called Elastic demand. A product is stated to have an elastic demand if sales drop sharply in reaction to a growth in price, or sales spike whilst prices are decreased.

Thus, The Washburn guitars reduces their price from  $2,499 to $2,699 as a result of the sales of the product drastically increased by 30%, So this represents that the <u>product has an elastic demand.</u>

Learn more about elastic demand:

brainly.com/question/5078326

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3 0
2 years ago
Which is not a type of partnership? limited liability limited cooperative general
joja [24]

Cooperative.............

:D

3 0
3 years ago
Swifty Corporation acquired 18200 shares of its own common stock at $21 per share on February 5, 2020, and sold 9100 of these sh
dybincka [34]

Answer:

the journal entry to record the purchase of treasury stocks

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Dr Treasury stocks 382,200

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the journal entry to record the sale of 9,100 stocks

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7 0
3 years ago
In an effort to increase customer loyalty, management at Phat International has worked to create a personal dialogue with their
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Answer: Appropriate/accurate relationship marketing

Explanation:

Relationship marketing refers to the scenario where producers build a bonding with customers in rider to improve services they offer to the customer and producing high quality products based what the customers demand for. The aim of these marketing strategy is to maintain existing customers who can recommend potential customers to use the product, also they are other services attached like Promo and bonuses which are used to encourage consumers. Phat strategy used on his customers is known as Accurate relationship marketing.

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3 years ago
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