Question

question 9 of 10
a business initially sells their product to customers for $50. they find that many people are buying their product, so they raise the price to $100. which of the following is a likely response that they will receive from customers?
a. customers will start to complain about promotion.
b. customers might begin to distrust the company.
c. customers will likely buy more of their product.
d. customers will start to complain about the placement of the products.

Explanation:

When a business suddenly raises the price of a product from $50 to $100, customers are likely to question the company's motives. A significant price increase without proper communication or justification can lead to distrust. Option A (complaining about promotion) and D (complaining about product placement) are not directly related to a price increase. Option C (buying more) is unlikely as a price increase usually leads to a decrease in quantity demanded (basic economic principle of demand). So, customers might begin to distrust the company.

Answer:

B. Customers might begin to distrust the company