Salesclerks at an upscale department store wrap each sold item of clothing in tissue paper and put the item in a fancy bag that ties with a bow. The same items can often be found at other department stores at a significantly lower price. Use behavioral economics to explain how this way of packaging items might allow the upscale store to charge a higher price.

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The Answer of Salesclerks at an upscale department store wrap each sold item of clothing in tissue paper and put the item in a fancy bag that ties with a bow. The same items can often be found at other department stores at a significantly lower price. Use behavioral economics to explain how this way of packaging items might allow the upscale store to charge a higher price.

Salesclerks at an Upscale Department Store Wrap Each Sold Item