Answer: the product is of questionable quality.
Step-by-step explanation:
What do you think is the reason for more demand of a Channel bag whereas lower of Baggit; the answer is simple with the higher price tags we assume that particular product to be better then the other one in the market.
It falls in the category of Giffen goods i.e it's the type of goods for which the demand increases as the increase in its price.
Let's take an example while buying a food item we first check its quality and even if the two of them are identical in every aspect we try to go for the expensive one because we have a mindset which says the expensive, the better.