Quote Originally Posted by Jojoya View Post
Lowering the price won't get that many more to buy in the long run because the lower price stops being a "special value" so consumers lose interest. A few major retailers tried that strategy in recent decades just to have to end up declaring bankruptcy because their overall sales ended up decreasing, not increasing. The retailer might get a sharp short term spike in sales but then end up losing out over the long term.
What kind of goods and how large a drop in price? Some luxury goods have positive price elasticity of demand, meaning that lowering the price will make the product less desirable. On the other hand, if it's a commonly available item but the price is too much lower than the competition, customers may suspect that something is up and the goods are counterfeit or otherwise inferior quality. Like if someone offered me an RTX 3080 for 400 money right now, I wouldn't buy it because no one in their right mind is selling them that cheap. It's gotta be either stolen or it's really a GTX 1650 with a replaced heatsink and hacked BIOS or something.