Sanjay sells washing machines from his store on a main street in his city. He normally sells ten washing machines a month. He has been considering ways to increase his sales. To that end, Sanjay has improved his advertising and store signage, and he has begun to use social media to raise awareness of his business, but sales have only improved by one washing machine a month. This month he decided that if he has three times more washing machines in his store and sells them at the same price he is now offering them, he will sell three times as many washing machines. What is the fundamental flaw in his plan?
a. In order to sell more washing machines, he will have to raise the price per washing machine.
b. Producers offer more of a product for sale at higher prices and offer less of the product at lower prices. Therefore, to reach his sales goal, he needs to raise the price.
c. Buyers are rational people and the demand for the product will only increase if the price is set at a higher level than what it's at now.
d. Demand for a product is not necessarily increased just because there is a greater supply.
e. Buyers will buy more of a pluct at higher prices and less of a product at lower prices.
