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French luxury goods manufacturer and retailer Herms is known for making expensive leather goods. But paying $300,168 for a handbag at auction, which is over

French luxury goods manufacturer and retailer Herms is known for making expensive leather goods. But paying $300,168 for a handbag at auction, which is over the standard retail price of $280,000, is extraordinary, and not for the casual shopper. The handbag is considered a/an _______ product. Question 19 options: A) prestige B) elastic C) custom D) inelastic

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