asked 114k views
4 votes
At a product's lowest price, you would expect people to demand the of that product.

2 Answers

2 votes
At a products lowest price, you would expect people to demand more or the product,
answered
User Figelwump
by
8.4k points
5 votes
There will be an increased demand. This happens when the price is lower, people have a higher purchasing power, meaning they can buy the product because it is within in their limit.
Aside from that, demand and supply should be indirectly proportional. In that way, companies will avoid market surplus and market shortage.
answered
User Aaron Rotenberg
by
7.5k points

No related questions found

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.