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A business would like to increase consumer demand for a product that has
not been selling well. According to the law of demand, how could the
business accomplish this goal?
A. By increasing the supply of the product
B. By selling the product at a higher price
O O O O
C. By selling the product at a lower price
D. By decreasing the supply of the product
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Respuesta :

Answer: it is indeed C

Explanation:

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To increase the consumer demand for a product, a business can accomplish its goal by selling the product at a lower price. Hence, option C holds true.

What is consumer demand?

Consumer demand is the amount of quantity of a product demanded by a customer during the given period for a particular period at a given price. Price and demand of a product are indirectly related to each other.

As per the law of demand, the demand of a product increases when the price is lower, and thus, the company shall sell its low-selling product at a lower price to lead to an increase in its consumer demand.

Hence, option C holds true regarding the consumer demand.

Learn more about the consumer demand here:

https://brainly.com/question/11141289

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