Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
Customer perceived value
people buying unusually large amounts of a product in anticipation of or after a disaster or perceived disaster, or in anticipation of a large price increase or shortage, as can occur before a blizzard or hurricane or government decree banning a particular popular product such as incandescent light bulbs.
Demand, perceived value, overall reputation
This is a rare phenomenon which I've read has been witnessed at some private colleges that when they raised tuition, applications actually increased because prospective students perceived the college as more prestigious. Alternative answer: defines situation where when price goes up sales also go up or vice versa.
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
a good that is perceived as a necessity will be purchased even if the price rises
A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.
a good that is perceived as a necessity will be purchased even if the price rises
The perceived threat turned out to be a false alarm.
A company that excels at product differentiation can normally demand a higher price for a product because of its perceived higher quality.
He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.He was surprised because the city was not as he had perceived it.
Prices in a market economy help determine the equilibrium. Consumers will not pay a price higher than its perceived value.
The word "perceived" can be translated to "nais": to see or notice something through the senses or using the mind in Tagalog.