I’m not sure if my wife and I are living on the same planet, but we both have our own preferences and expectations of what is “good.” I would assume that any good would be one that’s good for us, and any good that’s not good for us would be one that’s not good for us. So when we bought a house, the first thing we decided upon was the type of home we were going to build.
Because we were both so heavily invested in our house’s appearance, we both agreed that the first thing we would do was to get a color palette of our choice. We then went shopping for the rest of the house’s decor and color scheme.
Why are colors so important when it comes to decorating your home? First, because they are a great way to convey mood. It’s easy to go from red to green and then to blue. While this may seem like a minor difference, there’s a much bigger difference in how we remember the difference. For instance, I remember a time when red hair was considered a bad thing. But I now remember a time when green hair was considered a bad thing.
In the past that would have been a bad thing because we may have been trying to convey a certain mood. But even today when you see someone wearing a certain color, you can still remember the difference between the mood you are trying to convey and the actual color they wear.
You see, that’s the difference between a product and your own personal style. You can look back and think, “That was a bad thing, but I don’t really remember it”. But if you look ahead and actually realize that you now know that you always wear red, you will realize that the color you wore when you were a kid may not have been considered a bad thing to wear. In fact, it may have been a good thing.
That was the main reason I started wearing red. I don’t know why, but it seemed to make me feel better. But if you look up, you will see that I have a lot of other colors that work better for me than red because they are more subtle.
We’re going to assume that the seller of a good has two demand curves, one good and one bad. The buyer of a good will look at the price, and if it’s more than the buyer can do without, they will be willing to buy. But the buyer of a good knows that if it’s not good, they want something better, so they will price it higher. It’s a classic, if you will.
I’m going to assume that the seller of a good is the kind of person who wants to buy a high-quality good. If that was a bad, then they would be willing to buy a lower quality good, but the good they want is better, so they would go with that.
When a good is not getting the lowest price, it will be better for the seller. Because that’s what happens when you buy a good, you just want the lower bad price, and if its not the seller, they will put you on the lowest bad price. But once you get up to that price, you want to buy it better.