Question: Mitch and Jill were visiting the Eiffel Tower when there was a downpout. They were willing to pay 2 5 euros for a poorly made

Mitch and Jill were visiting the Eiffel Tower when there was a downpout. They were willing to pay 25 euros for a poorly made umberlla that would usually sell for 10 euros or less. This illustrates the lact that:
Consumers act in irrational manner.
The relationskip between price and potential demand can be driven by many factoen
That cost R"yys no role in pricing decisions.
Travelers do not understand exch tnger rates.
Mitch and Jill were visiting the Eiffel Tower

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