18 Jan
2014
18 Jan
'14
12:06 p.m.
On Sat, January 18, 2014 9:30 pm, Tim Josling wrote:
For example, when customers take price to be a signal of quality, demand can go *up* when the price is increased. I experienced this during my consulting career when, after increasing my rate, the demand went up. Shops like jewelry shops and other outlets for status goods also tend to find demand can go up when the price is increased.
http://en.wikipedia.org/wiki/Veblen_good and especially... http://en.wikipedia.org/wiki/Positional_good -- Lev Lafayette, BA (Hons), GradCertTerAdEd (Murdoch), GradCertPM, MBA (Tech Mngmnt) (Chifley) mobile: 0432 255 208 RFC 1855 Netiquette Guidelines http://www.ietf.org/rfc/rfc1855.txt