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Demand and quality

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Please answer in 200-300 words

1. Does better quality decrease or increase demand? why? Debate both perspectives.

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Solution Summary

How changes in product quality can affect demand

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Better quality can increase demand for a product because people find it more useful. Poorly made products are sometimes more trouble than they are worth. Toys that break on the first use, or electronics that malfunction after a short time, are generally not worth purchasing. If improvements in quality eliminate these problems, ...

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