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One of the most useful things i've learn in my business degree is how price has no floor or ceiling price when we are talking about non-commdity products
by 627467 9y ago
One of the most useful things i've learn in my business degree is how price has no floor or ceiling price when we are talking about non-commdity products
- nradov 9y agoLuxury good pricing also doesn't follow the supply / demand curve. In some cases higher prices actually increase demand because that signals greater quality and exclusivity.