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Which of the following pricing strategies would result in increased profit relative to the flat-price scenario in Part a, while still incentivizing the customer to
Which of the following pricing strategies would result in increased profit relative to the flat-price scenario in Part a, while still incentivizing the customer to engage in the transaction? Note: Multiple options can (and hint: should) be selected Jeans and Individual Demand (Part b) Which of the following pricing strategies would result in increased profit relative to the flat-price scenario in Part a, while still incentivizing the customer to engage in the transaction? Note: Multiple options can (and hint: should) be selected Charge a flat rate of $8 per pair of jeans to sell all 7 pairs. Charge $19 for the first pair and reduce the price by $1 for each subsequent pair, selling up to 7 pairs. Charge $20 for the first pair of jeans and a $2 discount for each additional pair, selling up to 7 pairs Charge the individual marginal cost ($8) for each pair of jeans and require an exclusive club membership fee of $42 to enter the store. Sell a bundle of 7 pairs of jeans for the maximum willingness to pay for 7 pairs ($98) Sell a bundle of 4 pairs of jeans for a total of $70
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