All of the following are true,except
A)Some consumers may infer high prices of a good to signal high quality
B)Low prices can also signal high quality
C)Promotional campaigns do not affect consumer's perception on quality
D)It makes more sense to raise price when advertising makes demand less elastic

Question

Quizplus · Accepted Answer

Promotional campaigns can significantly affect consumer perception of quality, as they can communicate information about factors such as features, benefits, and endorsements. The other statements are true, as consumers may associate high prices with high quality (A), low prices may signal high value or efficiency (B), and raising prices can be more profitable when demand is less elastic and consumers are less likely to be deterred by price increases (D).

All of the Following Are True,except