If wilson sporting goods faces a standard demand curve that exists for most products, as it raises the price of its tennis rackets the quantity demanded goes down.
Every price a business may set will result in a different level of demand. A demand curve, which displays the number of units the market will purchase over a specific time period at various prices that might be charged, illustrates the relationship between the price charged and the resulting demand level. Demand and price typically have an inverse relationship; the higher the price, the lower the demand. Prestige goods may actually see an increase in demand as a result of price increases since customers perceive them to be more value. The demand curve slopes upward in certain circumstances. Consumers believe a thing is less desirable and desire it less if the price drops.
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