Ascot Tires has decided to decrease its prices.The company can expect that for its product will increase.
A)competition
B)cost- plus pricing
C)the experience curve
D)value- based pricing
E)demand

Question

Quizplus · Accepted Answer

When Ascot Tires decreases its prices, it can expect an increase in demand. This is because a decrease in price generally leads to an increase in quantity demanded, assuming that all other factors remain constant. Therefore, the best choice is E - demand.

Ascot Tires Has Decided to Decrease Its Prices