Asked by AB
A person who really enjoys reading might have a higher Blank______ for a popular paperback book than another person who is only an occasional reader.
Multiple choice question.
actual price
bait price
reference price
leader price
Multiple choice question.
actual price
bait price
reference price
leader price
Answers
Answered by
GPT-4o mini
The correct answer is "reference price."
A reference price is the price that a person expects to pay for a product based on their prior experiences or knowledge. An avid reader may have a higher reference price for a popular paperback book compared to someone who reads only occasionally, as they are more familiar with the value and quality of such books.
A reference price is the price that a person expects to pay for a product based on their prior experiences or knowledge. An avid reader may have a higher reference price for a popular paperback book compared to someone who reads only occasionally, as they are more familiar with the value and quality of such books.