Figure 14-3
-Figure 14-3A above shows a demand curve that slopes downward and to the right,then turns back to the left.Which pricing approach does Figure 14-3A depict?

Question

Quizplus · Accepted Answer

Prestige pricing is depicted by a demand curve that initially slopes downward and then turns back to the left, indicating that higher prices can lead to higher demand due to perceived prestige or quality.

Figure 14-3 -Figure 14-3A Above Shows a Demand Curve That Slopes Downward