In the absence of other information,people typically assume that prices are higher because the products contain better materials,because they are made more carefully,or,in the case of professional services,because the provider has more expertise.

Question

Quizplus · Accepted Answer

People often associate higher prices with higher quality, assuming that more expensive products or services are superior due to better materials, craftsmanship, or expertise.

In the Absence of Other Information,people Typically Assume That Prices