Question pretext
INTERVIEWER: SHOW CARD: – ONE ANSWER ONLY
CARD – Q11
Our customers would continue to buy from us in the same quantities as now
Our customers would continue to buy from us, but at slightly lower quantities
Customers would continue to buy from us, but at much lower quantities
Many of our customers would buy from our competitors instead
Literal question
Now I would like to ask you a hypothetical question. If you were to raise your prices of your main product line or main line of services 10% above their current level in the domestic market (after allowing for any inflation) which of the following would best describe the result assuming that your competitors maintained their current prices?