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Question
Which of these statements about consumer demand as a pricing constraint is most accurate?
A. The number of potential buyers for the product class has little effect on the price a seller can charge.
B. The number of potential buyers for the product affects the price a seller can charge, but only if the product is a luxury item.
C. The number of potential buyers for the product affects the price a seller can charge, but only if the product is a necessity item.
D. The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle, but not in the introductory stage.
E. The number of potential buyers generally affects the price a seller can charge.
Answer
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