Description
Sometimes early adopters pay a hefty price to be one of the first to own a tool or technology.
high, but still many consumers still wanted to be one of the first to buy it?
Explanation & Answer
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We can think of an example of purchasing the Mercedes Car when on introduction the price of the Mercedes are very high.In spite of that high price many consumer still wanted to but the Mercedes.Here the willingness of buying Merecedes is taken into account rather than the price of the car.So all that matters here is the willingness of the consumer to buy the product.
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