Economic theory indicates that as you market a product,price reductions will have to be made to sell additional units.

Name: Economic theory indicates that as you market a product,price reductions will have to be made to sell additional units.
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Question

Quizplus · Accepted Answer

This is known as the Law of Demand, which suggests that as the price of a product decreases, the quantity demanded will increase. Therefore, in order to sell additional units, a price reduction may be necessary.

Economic Theory Indicates That as You Market a Product,price Reductions