Question: When we watched a video in class demonstrating that homes priced specifically ( referred to as odd pricing in the book ) as opposed to
When we watched a video in class demonstrating that homes priced specifically referred to as odd pricing in the book as opposed to with round numbers sold at higher prices. What was one of the explanations for this effect?
Consumers perceive a specific price to be well researched and diligently set.
Consumers find round numbers more appealing
Round numbers are harder to negotiate
This is wrong round numbers sell higher
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