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For most products and services, increased price results in
For most products and services, increased price results in demand for fewer products.
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Asked 10/26/2012 8:08:34 AM
Updated 11/8/2014 11:32:58 PM
1 Answer/Comment
Flagged by sujaysen [11/8/2014 11:28:57 AM], Confirmed by selymi [11/8/2014 11:32:41 PM], Unconfirmed by selymi [11/8/2014 11:32:43 PM], Edited by selymi [11/8/2014 11:32:58 PM]
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For most products and services, increased price results in demand for fewer products.

Added 11/8/2014 10:11:37 AM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by sujaysen [11/8/2014 11:28:41 AM]
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Advertising, fashion trends, and new product introductions serve to
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Updated 3/31/2013 8:19:45 PM
1 Answer/Comment
Advertising, fashion trends, and new product introductions serve to create consumer demand.
Added 3/31/2013 8:19:45 PM
This answer has been added to the Weegy Knowledgebase
Because a modest price increase has little or no effect, the demand for the product is
Weegy: Because a modest price increase has little or no effect, the demand for the product is inelastic. (More)
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Expert Answered
Asked 10/26/2012 8:12:10 AM
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