If prices are set too high,the company will make a large profit on each item,but will sell fewer units.

Name: If prices are set too high,the company will make a large profit on each item,but will sell fewer units.
Brand: Quizplus
Rating: 4.9 (33 reviews)

Question

Quizplus · Accepted Answer

This is because customers are less likely to purchase a product if they believe the price is too high. As a result, although each sale will generate more revenue, the company will sell fewer units overall, resulting in less total profit.

If Prices Are Set Too High,the Company Will Make a Large