If the Price of a Product Increases, We Would Expect

question 30

Multiple Choice

If the price of a product increases, we would expect

• A) the level of demand to decrease.
• B) quantity supplied to increase.
• C) the level of supply to increase.
• D) an increase in quantity demanded.

---

Definitions:

Beachhead Market

An initial target market that a company focuses on penetrating as a point of entry and a foundation for future growth.

Cross the Chasm

A term derived from Geoffrey A. Moore's book, indicating the challenge startups face in transitioning from early adopters to the broader market.

Early Majority

A group in the technology adoption lifecycle that represents approximately the first 34% of the population to adopt new technology, following innovators and early adopters.

Risk-Tolerant

The degree to which an individual or organization is willing to accept risk, typically in the pursuit of investment gains.