Answered: The higher the price, the fewer goods…

The higher the price, the fewer goods or services consumers will demand. Conversely, the lower the price, the more goods or services they will demand. Select one: True False

Principles Of Marketing

17th Edition

ISBN:9780134492513

Author:Kotler, Philip, Armstrong, Gary (gary M.)

Publisher:Kotler, Philip, Armstrong, Gary (gary M.)

Chapter1: Marketing: Creating Customer Value And Engagement

Section: Chapter Questions

Problem 1.1DQ

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The higher the price, the fewer goods or services consumers will demand. Conversely, the lower the price, the more goods or services they will demand.

Select one:

True

False

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