What is the quantity of a product that people will buy/demand most dependent on?
A)its distribution strategy
B)its supply
C)its promotion strategy
D)its price

Question

Quizplus · Accepted Answer

Price is a significant factor that influences the demand for a product. The quantity of a product that people will purchase depends largely on its price. If the price is too high, the demand for the product will be low, and if the price is too low, the demand will be high. Therefore, it is crucial to set the right price point to maximize sales and profits.

What Is the Quantity of a Product That People Will