Asked by Johnson the third
Unpacking the Labubu Trend in achieve3000
Based on the article, which is true?
Companies typically do not need to mark up a product to make a profit.
The price of a product is directly influenced by its supply and demand.
Secondary markets always reduce the price of products sold in stores.
The value of a product is solely based on the quantity available for purchase.
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Answered by
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The true statement is: "The price of a product is directly influenced by its supply and demand."
Brief why: Price depends on how much of an item is available (supply) and how much people want it (demand). The other statements are false — companies usually mark up to profit, secondary markets can raise or lower store prices, and value isn't determined solely by quantity.
Brief why: Price depends on how much of an item is available (supply) and how much people want it (demand). The other statements are false — companies usually mark up to profit, secondary markets can raise or lower store prices, and value isn't determined solely by quantity.
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