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Just Noticeable Difference and Value
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Scenario 1
Assume you have $200 (261CAD, 1374RMB)/ month to spend on "entertainment and self care
Your monthly gym membership costs $60 (average in the area), how much of an increase in the price would entice you to switch gyms or give up the membership assuming adequate alternatives available?
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On a scale of 1- 10, how much do you value gym memberships
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Scenario 2 (do not factor in Scenario 1 decision)
Assume you have $200 / month to spend on entertainment and self care
You treat your self to a 1 hour massage every month that costs $60. The parlour decides to increase it's price. How much of an increase in price would entice you to switch parlours or forego the massages
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Your answer
On a scale of 1-10, how much do you value massages?
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Must have
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