Snob appeal possibility, Microeconomics

Assignment Help:

Situation is where a luxury is there. There is the snob appeal possibility where the higher the price, the more desired the commodity it.  Often people will drive expensive cars, easily because of the image it makes.  If the car is extremely expensive, i.e., Rolls Royce, the snob effect may be the primary motivation for the purchase.  This also works with less costly commodities.  For example, Joy Perfume advertised itself as the world's most costly to attract consumers that their marketing surveys shown would respond to the snob effect.

 


Related Discussions:- Snob appeal possibility

Market structures, Ask question #Minimum 1 00 words accepted#

Ask question #Minimum 1 00 words accepted#

Oligopoly, large firms charge the price which is higher than the small firm...

large firms charge the price which is higher than the small firms, contruct the diagram

Comparative economics system, Identify path of growth and development to ec...

Identify path of growth and development to economic maturity.

RESOURCE MARKETS, 1. What is a resource market? 2. Describe resource deman...

1. What is a resource market? 2. Describe resource demand and resource supply. 3. Define derived demand. 4. Describe the resource market demand and supply curve. 5. Define a te

possibility production curve, how does the concept of possibility producti...

how does the concept of possibility production curve aplicable in real life?

Demand and price, examples of quantity demand when prices increase

examples of quantity demand when prices increase

Choose a topic from microeconomics ., choose a topic from microeconomics th...

choose a topic from microeconomics that matters to you and find a recent news article covering that topic?

Due diligence, Due Diligence The investigative procedure an investor s...

Due Diligence The investigative procedure an investor should conduct into the operations and business strategy assumptions of an organization soliciting investors.

Explain the roles of economics theory, Explain the roles of economics theor...

Explain the roles of economics theory. Roles of Economic Theory An economic theory has three probable roles: a. This can be used to describe economic behavior and economi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd