Examlex
People posing as customers,who are paid to check on the quality of a company's products and services and write a detailed report on the experience,are referred to as
Law Of Supply
The principle that, other things equal, an increase in the price of a product will increase the quantity of it supplied, and conversely for a price decrease.
Supply Curve
A graphical representation showing the relationship between the price of a good and the quantity of that good that suppliers are willing to produce and sell.
High Prices
A situation where the cost of goods or services is significantly above average or expected levels.
Low Prices
Low prices refer to the situation where goods or services are offered on the market at particularly reduced costs, often reflecting supply and demand dynamics or promotional strategies.
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