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You produce a new graphic T-shirt and decide to charge a price of $50. No one is buying the shirts. This signals you to _____.

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User LeartS
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8.4k points

2 Answers

3 votes
reduce the price, change the logo or stop selling altogether
answered
User JamEngulfer
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8.1k points
3 votes

This signals you to reduce the price of your product.

Consumers are not willing to pay such a high price for your product. But the demand curve is downward-sloping for normal goods, which means that according to the law of demand, when the price of a good or service decreases, the amount desired and purchased by consumers increases. Prices needs to be decreased until positive demand figures are registered.

answered
User James McCorrie
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7.6k points

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