Which of the following is a reason for a company to raise its prices?
A)to balance out decreasing costs
B)to win a larger share of the market
C)to address the issue of overdemand for a product
D)to use excess capacity
E)to boost sales volume

Question

Quizplus · Accepted Answer

Raising prices can help manage overdemand by reducing the number of customers willing to purchase at the higher price, thereby balancing supply and demand.

Which of the Following Is a Reason for a Company