asked 197k views
3 votes
Why do marketers want to see and understand demand curves?

asked
User Etoxin
by
8.6k points

1 Answer

3 votes
The demand curve is based on the price of an item and the amount that people are willing to pay for it. Marketers want to see this, because it helps them figure out how to advertise to the public and what the public wants. This can be useful in pricing items so that they are lower than that of the competitors.
answered
User AchmadJP
by
8.3k 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.