Ask Is it common for shops to lose buyers after a price hike?

Brajet

Emerald
DOLLAR$
$4,385.57
Raising prices often comes with risk, since some buyers may look elsewhere if they feel the new price is too much for what they are getting. This happens more when the increase feels sudden or when no clear reason is given for it. Shops that explain a price hike, like rising costs, tend to keep more buyers than those that stay silent. Do most buyers really leave after a price increase, or does loyalty usually keep them around?
 

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