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Absolutely not. Lets compare building a computer with AlienWare (considered the highest of qualities and highest values by many) with building the exact same computer by ordering the components seperately thanks to services like Pricewatch.com, TigerDirect.com and NewEgg.com, not to mention several others. A brand new computer with the following specs * 1 x Core I7 processor * 3 x 2GB DDR3 RAM * 2 x 256 GB Solid State Disks * 2 x CrossfireX 512GB Nvidia video cards * 1 x Killer brand Network Interface Card * 1 x 1200w Power Supply * 1 x Water cooling system * 1 x computer case At Alienware, this computer costs over $4,000 US. Using Pricewatch I was able to price out this exact same computer for $2000. To answer your question, no the lower the price does not mean a lesser value, but you have to check the components and specs of the computerand know what you're buying.

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How do you calculate the price elasticity of demand for a product or service?

To calculate the price elasticity of demand for a product or service, you can use the formula: Price Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price). This formula helps determine how sensitive consumers are to changes in price. A higher absolute value indicates greater sensitivity, while a lower absolute value indicates less sensitivity.


What is the rule stating that more of a product will be consumed at a lower price and less will be consumed at a higher price?

Law of demand


How do you compute the elasticity of demand?

To compute the elasticity of demand, you can use the formula: Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price) This formula helps you determine how responsive the quantity demanded of a good is to a change in its price. A higher elasticity value indicates a more sensitive response to price changes, while a lower value indicates less sensitivity.


How to calculate the elasticity of demand for a product?

To calculate the elasticity of demand for a product, you can use the formula: Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price) This formula helps you determine how sensitive consumers are to changes in price. A higher elasticity value indicates that demand is more responsive to price changes, while a lower value suggests less responsiveness.


How does price level affect aggregate supply and demand?

Yes. if a price is lower, then then demand will be higher, because a person will get a relative value for less cost than it had before, and therefore more people will buy more products. and the other way around.

Related Questions

How can the price of a company's share be less than the face value of the share?

How can the price of a company's share be less than the face value of the share?" How can the price of a company's share be less than the face value of the share?"


The price of a computer in 2007?

Th price of a computer in 2007 would cost like about $750.99 if so more than that but less than1,000.


How do you of what kind of computer best fits you?

There are computers with a price tag which suits your needs. Higher the price, the more you can do and better the performance. Less price means the computer has a lower spec and will not run as fast. In the middle is perfect for users who like online shopping, socializing, flash gaming and maybe playing PC games (older games).


Can the market price be less than the conversion value?

Yes.


How do you calculate the price elasticity of demand for a product or service?

To calculate the price elasticity of demand for a product or service, you can use the formula: Price Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price). This formula helps determine how sensitive consumers are to changes in price. A higher absolute value indicates greater sensitivity, while a lower absolute value indicates less sensitivity.


How do you say price less in Chinese language?

You can say "廉价", Lian2 Jia4, means the price less than its real value.


What is the value of a Miah Bradbury baseball card?

It is price less...no amount of money will value his cards


What is the rule stating that more of a product will be consumed at a lower price and less will be consumed at a higher price?

Law of demand


What is the price of an ie upgrade card in aqw?

$9.95, $19.95, or $34.95 in USA Currency. The lower the price, the less the upgrade time or less Adventure Coins.


How does consumer expectation affect demand for goods?

Consumers will buy more of a good when its price is lower and less when its price is higher.


How do you compute the elasticity of demand?

To compute the elasticity of demand, you can use the formula: Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price) This formula helps you determine how responsive the quantity demanded of a good is to a change in its price. A higher elasticity value indicates a more sensitive response to price changes, while a lower value indicates less sensitivity.


How to calculate the elasticity of demand for a product?

To calculate the elasticity of demand for a product, you can use the formula: Elasticity of Demand ( Change in Quantity Demanded) / ( Change in Price) This formula helps you determine how sensitive consumers are to changes in price. A higher elasticity value indicates that demand is more responsive to price changes, while a lower value suggests less responsiveness.