Why might a retailer lower the price of an item even though it would make less profit per item sold? Why might a retailer raise the price of an item even though it might cause the item to not sell as many units?(1 point)
Responses
The retailer might lower the price to lower demand. The retailer might raise the price of the item to increase supply.
The retailer might lower the price to lower demand. The retailer might raise the price of the item to increase supply.
The retailer might lower the price to sell more of that item. The retailer might raise the price of the item to have a higher profit margin per item sold.
The retailer might lower the price to sell more of that item. The retailer might raise the price of the item to have a higher profit margin per item sold.
The retailer might lower the price to increase supply. The retailer might raise the price of the item to lower demand.
The retailer might lower the price to increase supply. The retailer might raise the price of the item to lower demand.
The retailer might lower the price to have a higher profit margin per item sold. The retailer might raise the price of the item to sell more of that item.