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I also didn’t like the example. How may people know the difference between chocolate quality? Some for sure, but I wouldn’t count on it for interpreting price
by bredren 6mo ago
I also didn’t like the example. How may people know the difference between chocolate quality?
Some for sure, but I wouldn’t count on it for interpreting price elasticity.
I still believe in the premise because of the action on Facebook buy nothing groups.
- globular-toast 6mo agoDid you miss the part where people would pay more for the "high quality" chocolate when the price wasn't zero?
- mememememememo 6mo agoGuess so _/ \_