3 ms·
If two nearly identical wallets (very minor, but noticeable differences) are placed on a counter and one is significantly more expensive... how would you expect
by dumpsterdiver 3y ago
If two nearly identical wallets (very minor, but noticeable differences) are placed on a counter and one is significantly more expensive... how would you expect those wallets to sell?
I would expect both of them to sell out. The people looking for a higher quality product will immediately go for the more expensive product, and the remaining wallets would sell to people who just need a wallet.
- joshuaissac 3y ago> The people looking for a higher quality product will immediately go for the more expensive product It is more complicated than that. There is no guarantee that the more expensive wallet is also the higher-quality product. The people looking for a higher-quality product can be classified into those who can measure the quality well (perhaps by observing those minor differences), and those who have to use less effective proxies of quality (like price).
- detourdog 3y agoThis day and age we can make our own inflation. We are all free to pay as much or as little for wallet as we would like. So we all shop by price, quality, or availability.