If we increase the selling price of our product, we should probably expect an increase in the number of these products sold.

Question

Quizplus · Accepted Answer

Typically, increasing the selling price of a product leads to a decrease in the number of products sold. This is because consumers are less likely to buy a product if it is more expensive, all other factors held constant. However, there may be some scenarios where a higher price attracts a certain segment of customers who perceive the product to be of higher quality or value.

If We Increase the Selling Price of Our Product, We