Final answer:
To judge a suit's quality, consider factors such as material, craftsmanship, fit, brand reputation, and style rather than relying solely on price which can sometimes be a misleading signal of quality.
Step-by-step explanation:
Judging the quality of a suit involves several factors beyond just the price. Price may act as a signal of quality, especially when a buyer lacks perfect information about the product, but it's not the only aspect to consider. When assessing a suit's quality, one should look at the material, the craftsmanship, the fit, the brand reputation, and the suit's styling. High-quality suits are typically made with natural fibers like wool, have careful stitching, hand-crafted details, and offer a good fit either off-the-rack or through tailored adjustments. The brand's reputation can also be indicative of quality, as established brands often maintain a certain level of craftsmanship. Finally, the style of the suit should be timeless and appropriate for the intended occasions, ensuring longevity and versatility.