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Interaction between price and other attributes


Can we say that price is more susceptible to have interaction with some of  other attributes compare to other attribute types? The reason is that for instance in case of having attributes which represent the quality in general, respondent will normally prefer lower price and higher quality independently. But when the quality is high and the price is also reasonably low(not to provide signal of low quality) the respondent will be much more willing to buy the product.
Therefore, there is a synergy effect that cannot be explained by separate utility value of price and quality.

Thanks for your support
asked Jun 19, 2017 by Robin59 Bronze (565 points)
retagged Jun 19, 2017 by Walter Williams

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