It is generally perceived by consumers that the lower the quality of a product, the higher the price.

Name: It is generally perceived by consumers that the lower the quality of a product, the higher the price.
Brand: Quizplus
Rating: 4.7 (35 reviews)

Question

Quizplus · Accepted Answer

This perception is incorrect. In most cases, the price of a product will increase with its quality. There may be exceptions where certain luxury brands charge exorbitant prices for their products, but in general, higher quality products come at a higher price.

It Is Generally Perceived by Consumers That the Lower the Quality