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11. Using a hypothetical but specific example, explain how the perceived value of an item may differ from person to person.

User Pmckeown
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Aperson with better financial ability would have a less perceived value than someone with lesser financial ability. For example, a celebrity could buy a piece of clothing (jeans,shirts, jackets, etc.) for $100 and it would be nothing to them. But to someone working a regular 9 to 5 job, that would be an excessive amount of money to spend on one piece of clothing.

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User Hathor
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