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Behrooz is the manager of an upscale department store. Last month, in an attempt to stimulate sales, he reduced the price of his top-of-the line
Behrooz is the manager of an upscale department store. Last month, in an attempt to stimulate sales, he reduced the price of his top-of-the line luxury women's designer suits. To his surprise, although he sold higher number of suits, the dollar sales on this item actually declined. Explain why this might happen.
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