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Price Assignment Examples

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Pricing Low to high pricing Quality of the product and customer service

If competitors make their prices lower but still offer the same quality then its competitors have to react to this change and lower the prices as well and try to still give good quality. If a competitor opened more shops then the other business may have to open more stores in order to stop from…

Price Elasticity of Demand

From the information above it is obvious that the choice to make when increasing the price of the fruits would be to look at papaya as it will give a higher return than an increase on the price of apples. There are several factors that can affect supply and demand on every type of market;…

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