> 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 th

> 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).