As customers will more price sensitive also price conscious

Assignment Help Macroeconomics

Reference no: EM1328402

New shopping

From our discussion of consumer behavior and elasticity, "Do you believe Americans will no longer shop as they had before?"

For example, in the "old days", Jimmy Choo shoes would cost $500 (approximately - ladies - help me out here) but now can obtain for 70% less.

Do you think we, as consumers will be more price sensitive and price conscious?

What do you think this means for luxury goods?

Reference no: EM1328402

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