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In Business / College | 2025-07-03

How do lower prices tend to affect demand?
A. They tend to increase the availability of a product.
B. They tend to decrease the availability of a product.
C. They tend to increase the interest in a product.
D. They tend to decrease the interest in a product.

Asked by haileygcastro2007

Answer (2)

Lower prices generally lead to an increase in demand due to the law of demand, which states that lower prices make products more attractive to consumers. This results in greater interest and sales in the product. The correct answer to the question is C.
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Answered by Anonymous | 2025-07-04

Lower prices generally lead to an increase in demand for products, as more consumers are willing to purchase them due to perceived greater value. This is in line with the law of demand, which indicates that price and demand have an inverse relationship. Therefore, lower prices tend to increase interest in a product. ;

Answered by GinnyAnswer | 2025-07-04