People usually think and judge the products by their price tags. They expect that a high price product would be more qualitative, whereas low price products wouldn’t be more qualitative. But it does not happen every time people most of the time check the products as a trail, take the decision to buy it in future or not. Moreover, monopoly is another factor which leads customers to buy high price products.
high-priced product would be of superior quality
low-priced product would be of inferior quality