Question: Question 1 7 For a prestige product, initial drops in price result in increases in demand, but continued drops in price will actually decrease demand.

Question 17
For a prestige product, initial drops in price result in increases in demand, but continued drops
in price will actually decrease demand. Why?
as the price drops, more competitors exit the market
as the price drops the product is no longer seen as prestigious
as the price drops, more comptitors enter the market
as the price drops, the marketer is not able to produce as many
Question 17 For a prestige product, initial drops in price result

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