Solved: How could the markdown influence demand sales and profits, Microeconomics

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How could the markdown influence demand sales and profits

Problem

Why would sewing pattern manufacturers such as Simplicity, Butterick, and McCall's print a price of $12.95 (or more) on each pattern and then two times a year offer patterns for sale at $1.99 each? How could this markdown influence demand, sales, and profits?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: How could the markdown influence demand sales and profits

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