Examlex
When the price of a product is increases by 15 percent, the quantity demanded decreases by 10 percent. We can therefore conclude that the demand for this product is
Bait and Switch
A deceptive marketing strategy where a customer is lured by the advertisement of a low-priced item but then is encouraged to buy a more expensive one.
Caveat Emptor
A Latin phrase meaning "let the buyer beware," indicating that the buyer assumes the risk for the quality of goods purchased, unless protected by warranty.
Former Price Comparisons
A method of evaluating the price history of a product or service to assess its current value.
High Price Tags
Items or services being sold at a high cost, indicating either premium quality, brand value, or exclusivity.
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