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Increases in the selling price of a product without experiencing noticeable decrease in the sales quantity of the product is likely an indication that the
Increases in the selling price of a product without experiencing noticeable decrease in the sales quantity of the product is likely an indication that the produet was not priced properly, which might be a result of undercosting of the product. When a firm sets a high selling price that is a result of overcosting. competitors also are likely to enter the market and take away the firm's market share. Required: Give two examples (calculations with comments) by using the cost-plus pricing method to support the above paragraphs
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