Higher-priced products exhibit less relative price dispersion because:
A)consumers do more research on goods they really like.
B)the high price alone signals that the product is of good quality.
C)consumers do more research on more expensive goods.
D)producers invest heavily in the advertisement and promotion of such products.

Question

Quizplus · Accepted Answer

Consumers tend to invest more time and effort into researching more expensive goods before making a purchase, leading to less price dispersion as they are more likely to be aware of the price range and value of the product.

Higher-Priced Products Exhibit Less Relative Price Dispersion Because