n NISM Certifications
XV NISM Series XV
Medium

Why does demand remain steady even if a product’s price rises?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Customers are brand loyal

  2. B

    Customers are addicted

  3. C

    Pricing power of the business

  4. All of the above

    Correct answer

Why this is the answer

Strong brands, addiction, and pricing power allow companies to raise prices without losing demand.

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