29.5k views
6 votes
How do you think consumer interest in a product impacts the price of that item?​

1 Answer

9 votes

Step-by-step explanation:

Price has a relative effect: some consumers are sensitive to price, whereas others do not consider the price when making a purchase decision (Sangadji and Sopiah, 2013). ... Consumers tend to associate price with product level, that is, a perceived high price reflects high quality and vice versa.

User Pateman
by
5.3k points