A price indifference band is that section of the price increase in which the consumer does not notice or does not have any effect in demand.

Question

Quizplus · Accepted Answer

This is because the price indifference band is also known as the range of prices within which the consumer's demand remains constant. This means that within this range, the consumer is indifferent to the different prices and the demand for the product or service remains the same. If the price increases beyond this range, the consumer may change their behavior and switch to an alternative product or service.

A Price Indifference Band Is That Section of the Price