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- The economic principle:
- The overall question I will research to help explore the economic principle is (the question should contain 1-2 keywords from the economic principle): How do companies decide what price to sell their shoes at & why do consumers buy such expensive shoes?
- 3-4 subquestions that will help me answer my overall research question are:
- Do most people buy the cheaper shoes or spend a few extra bucks to get the best shoes?
- Would most people rather have a few good pairs of shoes or one great pair?
- Do companies that have a higher supply but lower price make more profit or companies that have fewer supply and have a higher price?
- How much profit are companies making and how much exactly do they spend to make the shoes?
- Links to 3-4 reliable resources that can help answer the research question:
- (Investopedia)
- (PsychologyToday)
- (Forbes)
- (Citizen-Times)
- (Solereview)
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