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58:15
If business owners want to increase demand for their goods and services, what is the best action for them to take?
increase their models
increase their projections
decrease their prices
decrease their quantities

Respuesta :

Answer:

decrease their prices

Explanation:

If we see demand curve then we can observe that demand for good decreases when price increases and demand for good increases when price decreases.

We also know intuitively that customer are price sensitive. That is their buying behavior changes with price of goods, Consumers prefer lower priced good.

So, if business owners want to increase demand for their goods and services

they should decrease their prices.

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