Re: cashmere
[ QUOTE ]
Other sweaters made of materials that are much easier obtain you mean? Is that really comparable? Certainly arguments on both sides. My economics comment is basically directed to the point that things cost what people are willing to pay for them. If people werent willing to pay "too much" for cashmere clothing, it wouldnt cost "too much".
[/ QUOTE ]
Your economics knowledge is basic. A rational buyer will make an individual decision about the value of an item to him and not pay more than that. Cashmere can be said to "cost too much" for the buyers with a valuation of cashmere less than the cost.
|