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Does a ridiculous price make something seem better?

Asked by PIXEL (1233points) October 13th, 2008

Why is it that something expensive make it seem higher class when really it isn’t. Surely Abercrombie’s shitty, bad quality, clothes wouldn’t be the “it” fashion at schools right now if their clothes weren’t so overpriced. Same goes with many other stores like Lacoste for example were their style is plain solid colors for an incredibly high price. Also look at Starbucks who charge around 5$ for a coffee that really isn’t that great. Do you find this strange?

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