As customers will more price sensitive also price conscious
Course:- Macroeconomics
Reference No.:- EM1328402

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From our discussion of consumer behavior and elasticity, "Do you believe Americans will no longer shop as they had before?"

For example, in the "old days", Jimmy Choo shoes would cost $500 (approximately - ladies - help me out here) but now can obtain for 70% less.

Do you think we, as consumers will be more price sensitive and price conscious?

What do you think this means for luxury goods?


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