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If People Generally Believe That "You Get What You Pay

Question 47

Multiple Choice

If people generally believe that "you get what you pay for," it is reasonable for them to:


A) assume that an expensive item is of higher quality, creating the possibility of an upward-sloping demand curve.
B) assume that an expensive item is of higher quality, which eliminates the possibility of an upward-sloping demand curve.
C) make every effort to get complete information about a product before making a purchase to make sure that the purchase is optimal.
D) assume that a cheaper brand is always a better deal than expensive brands.

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