1) Law of demand:-
Redmi offering low price hence demand of Redmi is high comparative to the market
2) Utility:-
People going to stadiums to see match.
3) People respond to incentives:-
Shopping malls give discounts during festive season
4) Opportunity cost:-
Choosing between various clothes while shopping we estimate the opportunity cost
5) People face trade off:-
In big malls while buying clothes we often get confused which brand to choose and which one to pick and sometimes it leads to walking off.
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