Which of the following statements is FALSE?
A) To sell more,a price setter must lower price.
B) A price taker must charge the market price.
C) If a price setter raises price,they will sell less.
D) A price taker's revenue will rise if they sell more.
E) Price setters can sell any quantity at any price.

Question

Quizplus · Accepted Answer

Price setters cannot sell any quantity at any price, as there is a limit to how much consumers are willing to pay for a product or service. Additionally, setting a price too high may result in decreased demand and lower sales.

Which of the Following Statements Is FALSE