Question

When determining how to price the goods that you will sell, if you notice that a lot of consumers want your product, you can typically do what to the price while still meeting the demand and making a bigger profit? (1 point) Responses cut the price in half cut the price in half raise the price a reasonable amount raise the price a reasonable amount quadruple the price beyond the going rate quadruple the price beyond the going rate offer different prices for different buyers

Answer 1

If you notice that a lot of consumers want your product, you can typically **raise the price a reasonable amount** while still meeting the demand and making a bigger profit.