Increasing prices in the face of falling demand is never a good strategy and can cause what is called a death spiral.

Name: Increasing prices in the face of falling demand is never a good strategy and can cause what is called a death spiral.
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Question

Quizplus · Accepted Answer

Increasing prices when demand is falling can cause a further decrease in demand as consumers will look for cheaper alternatives. This can lead to a cycle of decreasing demand and increasing prices, which is known as a death spiral.

Increasing Prices in the Face of Falling Demand Is Never