What is a good response to the Information below, however eead the information give opinion....

I decided to talk about the demand for sneakers; a topic that is very interesting to me.

1. Price: These days the younger generation prefers luxury/limited sneakers that go for more than regular sneakers. Unlike other products, the demand for these sneakers actually goes up as the price does.

Income: When the income of individuals increases their ability to purchase goods increases. This relates to sneakers because the more money sneaker enthusiasts make the more likely they are to buy more limited/luxury sneakers.

Taste: sneaker enthusiasts like to wear sneakers that are not accessible by everyone so most of the time once the shoe becomes mass-produced their taste changes causing them to buy less of that type of shoe.

1. Personally, my demand for shoes is influenced by the quality of shoes as well as the name behind the shoe. One example of this is Yeezy a collab by Kanye West and Adidas. Adidas sneakers usually don't go for much but as soon as the Yeezy name is put on a sneaker the price almost doubles. Sneaker enthusiasts like me are often willing to pay a significant resale price for popular shoes like Yeezys.
2. If they enacted a new tax on sneakers, I would be mad, but I honestly don't think it would affect my demand for the product. The reason I say this is because buying sneakers is something I enjoy and in a way, it could be an investment because most limited sneakers tend to go up in price.