The conversation between human and AI assistant.
What is the effect of selling cost on the consumer's demand?
Interesting. Do you know of any industries where selling cost has a particularly strong effect on demand?
Yes, the electronics industry is a good example. There is a lot of competition in the market, and pricing can be a major factor in consumer behavior. If one company lowers their selling cost on a particular product, they may see increased demand, while competitors that have higher prices may see reduced demand for their products.