Ask Question
BusinessBusiness
5 February, 11:47

The higher the price of an antique, the greater people's expectation that the object is rare. That, in turn, makes the antique appear more valuable. If the statements above are correct, then offering an antique for sale at a bargain price:

+5
Answers (1)
  1. 5 February, 15:46
    0
    a. should be discouraged because it lessens a quality that makes that antique desirable

    Explanation:

    In pricing theory, the price for a good or service should increase as its scarcity increases. Now selling the antique at a bargain price will reduce the price of it and thereby making it less scarce and rare.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The higher the price of an antique, the greater people's expectation that the object is rare. That, in turn, makes the antique appear more ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Illustrate the process needed in the three economic sectors to have the final product being a teddy bear
Answers (1)
What factors are important for the MIG owners to consider before making a decision on whether or not they should sell the restaurant to AECB? Why are these factors important?
Answers (1)
A perfectly competitive firm produces where A. marginal cost equals price, while a monopolist produces where price exceeds marginal cost. B. marginal cost equals price, while a monopolist produces where marginal cost exceeds price. C.
Answers (1)
To ward off stress, a lm director likes to have a good laugh. When under pressure, the director will crack jokes and ensure everyone has a good laugh during the hard work. These actions mainly reduce stress: A. by removing the stressor. B.
Answers (1)
Town Crier has 10.8 million shares of common stock outstanding, 2.8 million shares of preferred stock outstanding, and 18.00 thousand bonds. If the common shares are selling for $28.80 per share, the preferred share are selling for $16.
Answers (1)
New Questions in Business
Ivory Fast Delivery Company, an accrual basis taxpayer, frequently has claims for damages to property the company delivered. Often the claim is not filed until a month after the delivery.
Answers (1)
What group is responsible for stepping in to prevent a bank run? banking regulators like the Fed the bank's depositors the bank's owners the state government where the bank is located
Answers (1)
Pasadena Candle Inc. projected sales of 800,000 candles for the year. The estimated January 1 inventory is 35,000 units, and the desired December 31 inventory is 20,000 units. Prepare a production budget report in units for Pasadena Candle Inc.
Answers (1)
Which is not a situation where ones credit svore may be used
Answers (1)
Alamos Co. exchanged equipment and $18,900 cash for similar equipment. The book value and the fair value of the old equipment were $81,300 and $91,400, respectively.
Answers (1)
Home » Business » The higher the price of an antique, the greater people's expectation that the object is rare. That, in turn, makes the antique appear more valuable. If the statements above are correct, then offering an antique for sale at a bargain price:
Sign Up Forgot Password?