👉 Reddemanding is a concept in economics that refers to the phenomenon where consumers are willing and able to pay more for goods or services than they would be prepared to pay for other products, even if those products have lower quality. This can lead to higher prices and reduced overall demand for those goods or services. In other words, reddemanding means that a consumer has an incentive to pay more for a good or service when the cost of producing it is high relative to its value. The term comes
