Sometimes initial demand for a business product will drop following a price cut if buyers believe that further price reductions are forthcoming.

Name: Sometimes initial demand for a business product will drop following a price cut if buyers believe that further price reductions are forthcoming.
Brand: Quizplus
Rating: 4.9 (35 reviews)

Question

Quizplus · Accepted Answer

Buyers may delay purchases in anticipation of even lower prices, leading to a temporary decrease in demand even after a price cut has been implemented.

Sometimes Initial Demand for a Business Product Will Drop Following