All of the following are true,exceptA) Some consumers may infer high quality from high priceB) Low prices can indicate lower quality given that no other information is availableC) Promotional campaigns do not affect consumer's perception on qualityD) It makes more sense to raise price when advertising makes demand less elastic

Question

All of the following are true,except​A) ​Some consumers may infer high quality from high priceB) Low prices can indicate lower quality given that no other information is availableC) Promotional campaigns do not affect consumer's perception on qualityD) ​It makes more sense to raise price when advertising makes demand less elastic

Samuel Drumond · Accepted Answer

Final Answer : C, Explanation :  Promotional campaigns can definitely affect consumer's perception on quality, so statement C is false. Statements A, B, and D are all true.

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