Underpriced products sell very well,but they produce less revenue than they would have if price were raised to the level.
A)variable
B)perceived
C)elastic
D)price- floor
E)demand curve

Question

Quizplus · Accepted Answer

Underpriced products sell well because they are perceived as a good deal by consumers, but they generate less revenue than they could if priced at a level that reflects their perceived value.

Underpriced Products Sell Very Well,but They Produce Less Revenue Than