- What restaurant do you like the best for lunch? Why?
- What gas station do you buy gas at? Why?
- Where do you buy your clothes? Why?
- What kind of breakfast cereal do you prefer? Why?
Monday, September 12, 2011
Chapter 4 covers the issue of demand. What dictates what you buy? Price? Service? Quality? As the law of demand dictates, the higher the price, the less we will demand it and the lower the price the more we will demand it. But other factors are relevant as well. For example, how popular is the product or service? Take a moment and describe how you would pick among the following choices.