Economists draw supply curves as upward sloping

Reference no: EM131182070

Economists draw supply curves as upward sloping. But sometimes, as consumers, we notice that the price per unit goes down if we buy more of something, not up. For example, a liter bottle of Pepsi costs less per ounce than a can of Pepsi, warehouse stores sell breakfast cereal in "jumbo size" for a low per-unit price, and clothing stores offer "buy one, get one free." Why might sellers offer such prices?

Reference no: EM131182070

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