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Why do certain limited-edition products or sneaker drops

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Reference no: EM133526116

Question: Why do certain limited-edition products or 'sneaker drops' become so valuable in secondary markets, often selling for many times their original retail price, and what economic concepts like scarcity, demand elasticity, and consumer behavior can help explain this phenomenon? Please provide the reference as well to support your idea.

Reference no: EM133526116

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