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Sometimes when you raise the price of an item the sales will go up. Revenue may go up, but unit sales usually won't. They have a name for unit sales going up:
by DenisM 17y ago
Sometimes when you raise the price of an item the sales will go up.
Revenue may go up, but unit sales usually won't. They have a name for unit sales going up: "Giffen good" but I don't think it was ever observed in the real life.