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What made the study remarkable, though, is what happened when we raised the background price. When the appliance cost $500, the percentage willing to travel barely changed; it was 73 percent. And when it rose to $1,000, the percentage willing to travel actually went up slightly, to 87 percent. The slight increase may be due to the feeling that one really must try to save when spending so much.
Scarcity: Why Having Too Little Means So Much
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