an increase in the price of a product will reduce the amount of it purchased because:,

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Price increases affect purchasing. This is because when the price of a product goes up, people buy less of it. For example, if you are selling a t-shirt for $10 and raise the price to $20, then customers will buy fewer shirts overall. It’s not just an increase in cost that affects buying decisions – even small changes can have a significant impact on sales volume. *People buy fewer shirts when the price increases.* Price increases affect purchasing. This is because customers will purchase less of a product if its price goes up. For example, if you are selling a $20 t-shirt and increase the price to $40, then many people won’t be able to afford it anymore or they’ll just refuse to buy it at all. It’s not just an increase in cost that affects buying decisions – even small changes can have a significant impact on sales volume. Purchasing behavior shifts as prices rise for products such as foodstuffs and electronics. Consumers usually react by reducing how often they purchase these items from stores or online retailers due to higher pricing than what was found before Makeshift

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