The quantity of a product that people will buy/demand is most dependent on its:
A) distribution strategy
B) supply
C) promotion strategy
D) quality parameters
E) price

Question

Quizplus · Accepted Answer

The quantity of a product that people will buy (demand) is most dependent on its price. This is rooted in the law of demand, which states that as the price of a good or service increases, the quantity demanded decreases, all other factors held constant. Therefore, pricing strategy is a critical component in determining consumer demand for a product.

The Quantity of a Product That People Will Buy/demand Is