Which of the Following Statements About Consumer Demand as a Pricing

question 152

Multiple Choice

Which of the following 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 using a push strategy in the channel.
• 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.

---

Definitions:

Educational Level

The highest degree or stage of formal learning or schooling that an individual has completed.

Annual Income

The total amount of money earned by an individual or organization in one year from all sources before taxes.

Positively Correlated

A relationship between two variables where if one variable increases, the other one also increases.

Positively Correlated

Refers to a relationship between two variables where they move in the same direction, meaning as one variable increases, the other variable also increases.