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How do you think consumer interest in a product impacts the price of that item?​
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How do you think consumer interest in a product impacts the price of that item?​

User Pablo S G Pacheco
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20 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 Lucas Souza
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