Which of the following best explains why prices tend to be inflexible? - prices for shaadi outfits in pakistan
Which statement best explains why the best prices on hard and fast rule, although changes in demand?
1) Government regulations limit the number of companies can change the prices in one year.
2) In most industries will not change price profit maximization, if the demand changes.
3) The production costs do not tend to change when the company changed its production level.
4) companies are reluctant to lose the prices for fear of a price war initiated or customers to change their rivals.
Prices For Shaadi Outfits In Pakistan Which Of The Following Best Explains Why Prices Tend To Be Inflexible?
1 comments:
The answer is 4 Price wars can happen if you lower the price, competitors try to match them. This reduces their profits accordingly. If you raise the price and no competitor has grown, it can take business to their competitors.
There is a rule like 1, profit maximization price change / do / because the upward or downward changes in demand and production costs tend to decline (at a) increasing the quantity of produced times.
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