If People Generally Believe That "You Get What You Pay

question 47

Multiple Choice

If people generally believe that "you get what you pay for," it is reasonable for them to:

• A) assume that an expensive item is of higher quality, creating the possibility of an upward-sloping demand curve.
• B) assume that an expensive item is of higher quality, which eliminates the possibility of an upward-sloping demand curve.
• C) make every effort to get complete information about a product before making a purchase to make sure that the purchase is optimal.
• D) assume that a cheaper brand is always a better deal than expensive brands.

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Definitions:

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