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?

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?
a. cut the price in half
b. raise the price a reasonable amount
c. quadruple the price beyond the going rate
d. offer different prices for different buyers

GPT 3.5 · Answer

b. raise the price a reasonable amount