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

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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
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