In prestige pricing,the demand curve is negatively sloped at all price levels.

Question

Quizplus · Accepted Answer

In prestige pricing, the demand curve is not always negatively sloped at all price levels. In fact, the demand curve may be positively sloped at certain high price levels, as consumers perceive the product to be of higher quality due to its premium pricing. However, the overall demand curve for the product may still be negatively sloped, meaning that as the price increases, demand will decrease in general.

In Prestige Pricing,the Demand Curve Is Negatively Sloped at All