Which of the Following Statements About Consumer Demand as a Pricing

Multiple Choice

Which of the following statements about consumer demand as a pricing constraint is most accurate?

A) The number of potential buyers for the product class has little effect on the price a seller can charge.
B) The number of potential buyers for the product affects the price a seller can charge, but only if the product is a luxury item.
C) The number of potential buyers for the product affects the price a seller can charge, but only if the product is a necessity item.
D) The number of potential buyers for the brand affects the price a seller can charge in the growth stage of a product life cycle, but not in the introductory stage.
E) Whether the item is a luxury or a necessity affects the price a seller can charge.