Question

A salesperson driving to visit a client located two hours away has a tire blow out on the highway. He walks about a mile to the next exit where he finds a service station. The owner of the station says he can replace the blown tire, but it will cost twice as much as it would to purchase a tire in the salesperson's home city. The salesperson, not wanting to be late for his appointment, agrees to pay the higher price in order to get back on the road. This case illustrates the effect of ______________________ on buying behavior.

Answer 1

Answer:

the purchase situation

Explanation:

According to my research on basic economics, I can say that based on the information provided within the question this case illustrates the effect of the purchase situation on buying behavior. Like described in this situation if an individual is in need of a product they will pay more than the product is actually worth just because of the situation. In the context of Economics, this is referred to as Supply and Demand, the more an individual needs something that they may not be able to get elsewhere the higher the price can get.

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