Consumers usually like price increases because these changes signal that an item is "hot" and represents a good value.

Name: Consumers usually like price increases because these changes signal that an item is "hot" and represents a good value.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Generally, consumers do not like price increases as it means they will have to pay more for the same item. However, if the price increase is accompanied by improvements in the product or perceived value, then consumers may view it as a good value.

Consumers Usually Like Price Increases Because These Changes Signal That