Question

When prices fall, the decrease in demand for the product when the competitors' prices are not met will be called

a.

downward supply spiral

b.

upward supply spiral

c.

downward demand spiral

d.

upward demand spiral

Posted under Cost Accounting

Answer: (c).downward demand spiral

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Q. When prices fall, the decrease in demand for the product when the competitors' prices are not met will be called

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