Does price reflect value? Give a few examples that price actually reflects value and give a few examples where price does not directly correlate to value. Consumers buy cheap and expensive goods all the time. Can the statement hold true? The more expensive the goods are the better their quality is. Please give a few examples that support this claim and please give a few examples that contradict this statement.

Does price reflect value? Give a few examples that price actually reflects value and give a few examples where price does not directly correlate to value. Consumers buy cheap and expensive goods all the time. Can the statement hold true? The more expensive the goods are the better their quality is. Please give a few examples that support this claim and please give a few examples that contradict this statement.

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