---- is the amount of money a customer is willing to pay for a product

The price of the product must be higher than the cost of making the product.

The business wants to increase its-----

Choose the correct method of pricing for the given products

Which pricing strategy is used by a business that sells luxury items ?

Identify the method of pricing

•The Demand curve shows the relationship between ------

Choose the correct type of elasticity for the product:

A given percentage change in price leads to a large percentage change in quantity demanded.