Question: apple is much more expensive than other brands, why do you think people still buy this regardless of the high price? which among of the

apple is much more expensive than other brands, why do you think people still buy this regardless of the high price? which among of the 5 factors affectnig demand is significant in this case?

factors affectiong demand are:

- consumer income

- taste and pref

- prices of related goods

- number of buyers

- expectations

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!