3 ms·
The point is that even when there is a fixed price gap between higher quality and lower quality goods, the rationale to buy the higher quality gets stronger as
by cbsmith 8y ago
The point is that even when there is a fixed price gap between higher quality and lower quality goods, the rationale to buy the higher quality gets stronger as that gap becomes smaller proportional to the price of the products.
It's not that people always buy the more expensive product.