The article notes that: "A broad swath of psychological and economic research has argued that "people will pay different amounts for the same item depending on who is providing it." Do you agree? Can you think of any examples?

Question

Social Studies

Jakob Bailey

14 October, 09:28

The article notes that: "A broad swath of psychological and economic research has argued that "people will pay different amounts for the same item depending on who is providing it." Do you agree? Can you think of any examples?

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Jameson Bauer · Answer 1

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Explanation:

Paul F. 's study was an unplanned economic research since he has at that time the ability to study white-collar crimes in the society yet he had not conceived the idea of studying it. As spotlighted in the article, the crimes pertaining to white-collar in society were not studied or researched on effectively because there was no data whatsoever concerning them. Nevertheless, Paul F. tried to study white-collar crimes with the use of the information he gathered from his business of selling bagels.

Going by The argument in the article that people generally pay various ranging amounts of money for the same item depending on who is offering it is arguable. This is as a result of individuals who tend to equal or relate the cost of an items with the provider's status.