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Marizza181 [45]
3 years ago
8

A company that makes mobile phones introduces a new,faster model that has strong consumer interest.however,the old model is stil

l available.what will most likely happen to the price of the old model ,and why
Social Studies
2 answers:
iris [78.8K]3 years ago
5 0
The correct answer here would be that the price of the old model would fall in order for people to continue purchasing it.

When a new phone model comes out the most common practice is to reduce the price of the older model in order for it to still be a cheaper alternative for the newer model. That way people with smaller budgets would still buy the products from the same company and it would result in a influx of new costumers.
SashulF [63]3 years ago
5 0

Answer:

a

Explanation:

The price will fall to encourage consumers to continue to purchase it.

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