Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. economics
  3. suppose two seemingly similar goods or services wi

Suppose two seemingly similar goods or services with significantly different prices. Discuss a minimum of three different...

50.1K

Verified Solution

Question

Economics

Suppose two seemingly similar goods or services withsignificantly different prices. Discuss a minimum of threedifferent possible explanations of why those price differencesmight exist. Be specific about your assumptions. Be clear in whythose goods or services have different prices and whether or notthose price differences might disappear over time. Give examples oftwo goods that might fit each of your explanations. Whatgeneralizations about how prices relate to one another can youmake?

Answer & Explanation Solved by verified expert
4.3 Ratings (910 Votes)
The prime reasons because of which similar goods and services are sold at diffeerent prices are The differences in the taxes and import dutiesPerceived value or the brand value cost of doing businessmarket structure etc Lets begin with examples compare the prices of a MacBook Airan ipadand an iphoneThe    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If a person were to refuse vaccinations, and therefore transmit a deadly disease to a susceptible...

Biology
Q

Washington (CNN)President Donald Trump imposed tariffs on French wine, Italian cheese, and single malt Irish whiskey...

Economics
Q

Let A be a square matrix defined by ( A =egin{pmatrix}-1&3&-1\ -3&5&-1\ -3&3&1end{pmatrix} ) (a) Find...

Advance Math
Q

The pressure in a liquid at two points in the same horizontal plane are equal...

Physics
Q

Use a calculator with a key or a key to solve the following.The exponential function...

Basic Math
Q

Differentiate the following function y ex d y ex 0 dx

Calculus
Q

Suppose that the function h is defined as follows h x 3 2 1 0...

Calculus
Q

! Required information [The following information applies to the questions displayed below.] Hudson...

Accounting
Q

need help on the income statement, Statement of cash flow and the plus or munis...

Accounting
Q

SLD Fitness Club is a club that provides leisure and fitness services for residents of...

Accounting
Q

Opal fell on the ice and injured her hip this winter. As a result she...

Accounting
Q

In this part you will create a complete analysis of two different companies in the...

Finance