Which of the following instances of an increase in the price would be considered more acceptable by most people?
A) A price increase in order to exploit the vulnerability of a customer.
B) A price increase to increase the producer's profit.
C) A price increase in order to engage in price discrimination.
D) A price increase in order to cover increased costs.

Question

Quizplus · Accepted Answer

A price increase to cover increased costs is generally more acceptable because it is seen as a necessary adjustment to maintain the business's viability rather than an attempt to exploit customers or increase profits unjustly.

Which of the Following Instances of an Increase in the Price