One of the most direct ways of reducing or increasing demand is through pricing strategy.

Question

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Pricing strategy is a key tool in influencing demand for products or services. By adjusting the price of a good or service, a company can encourage consumers to increase or decrease their purchasing behavior. For example, increasing the price of a luxury item may reduce demand among price-sensitive consumers, while discounting a product may encourage more customers to make a purchase. Therefore, pricing strategy can directly impact levels of demand.

One of the Most Direct Ways of Reducing or Increasing