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How do people judge whether prices are too low

Question # 00578150
Subject: Economics
Due on: 08/24/2017
Posted On: 08/24/2017 09:24 AM

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Economics

How do people judge whether prices are too low, too high or fair?

As a consumer how do you determine perceived value? What factors do you consider when decided to purchase a product from one company versus another company? How do you determine perceived value when deciding to purchase a service from one company versus another company?

Tags prices judge people company perceived purchase determine versus value judge product people deciding service prices decided high fair economics factors consider consumer

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How do people judge whether prices are too low

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