All of the following are true,except
A)Some consumers may infer high quality from high price
B)Low prices can indicate lower quality given that no other information is available
C)Promotional campaigns do not affect consumer's perception on quality
D)It makes more sense to raise price when advertising makes demand less elastic

Question

All of the following are true,except​
A)​Some consumers may infer high quality from high price
B)Low prices can indicate lower quality given that no other information is available
C)Promotional campaigns do not affect consumer's perception on quality
D)​It makes more sense to raise price when advertising makes demand less elastic

Quizplus · Accepted Answer

Promotional campaigns can definitely affect consumer's perception on quality, so statement C is false. Statements A, B, and D are all true.

All of the Following Are True,except​

All of the Following Are True,except