Question

How does the author develop the idea that

Answer 1

Answer:

The author does evaluate the effectiveness of different types of garden hoses. The hose that is more effective will have more demand and the price will rise/increase.  The author also explains the meaning of perceived value. If consumers feel a particular hose is the best or better than another that will also lead to a rise/increase. This will also happen if customers have a bad perception and the price will decrease because they will not purchase that product. There are many different factors to take into consideration with consumers and purchasing products because things like cultures, taxes, and employment (if a person is working or not or if unemployment for the area is high) can all affect prices of a product.

Hope this helps you.

Explanation: