The conversation between human and AI assistant.
What is the effect of selling cost on the consumer's demand?
Can you tell me what is the effect of selling cost on the consumer's demand?
Yes, of course. Selling cost can have a significant effect on consumer demand. When the selling cost of a product is high, the demand for that product decreases, as fewer consumers are willing to pay the higher price for it. Conversely, when the selling cost of a product is low, the demand for that product increases, as more consumers are willing to purchase it at the lower price point.