How does the author develop the central idea that people have varying opinions about how valuable a product is?

Question 3 options:

The author discusses how systems for collecting taxes vary according to where people live.

The author says that items such as shoes, bottled water, and garden hoses differ in price from place to place.

The author explains that the consumer's willingness to pay a certain price for a given item affects how the retailer sets the price.

The author explains that value-added tax is collected from manufacturers, retailers, and consumers.

1 answer

The best option that addresses how the author develops the central idea that people have varying opinions about the value of a product is:

The author explains that the consumer's willingness to pay a certain price for a given item affects how the retailer sets the price.

This option directly connects consumer perception of value to pricing strategies, highlighting how individual opinions influence the overall value assigned to products in the marketplace.

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