When Sony introduced its new PlayStation 3 game system,buyers who could not get them the first day bid up the price of the systems on eBay and other auction sites.As Sony provided more PlayStation 3 units to the market and early demand was satisfied,prices dropped because
A) the way consumers perceived their value changed.
B) Sony fully understood its value to consumers.
C) variable costs became constant and fixed costs increased.
D) everyday low pricing neutralized the impact of price on consumers' purchase decisions.
E) Sony discontinued using the improvement value method of pricing.

Question

Quizplus · Accepted Answer

The increase in price on eBay and other auction sites was due to the high demand and limited supply of the PlayStation 3 units. As Sony provided more units to the market, the perceived value of the system changed and the demand no longer exceeded the supply, causing the prices to drop.

When Sony Introduced Its New PlayStation 3 Game System,buyers Who