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Consider eggs as an example. Their different weights will attract different prices. And some folk will be prepared to pay more for eggs with speckled brown shells, than those with a plain white shell. Again a price differential.
So in general materials with perceived better properties, will attract a better price.
And in engineering, the properties of a material determine the applications for which it may be used. For example, type 316 stainless steel is suitable for marine use, whereas 304 stainless steel is less suitable. These differ in the amount of chromium in the alloy.
These two grades have different magnetic properties, and though that may not be important in a marine application, it does serve as a simple test.
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