Question
Theater tickets are available, but prices have increased due to high demand and limited seating.
Which of the following is the most likely consumer response based on the concept of scarcity?
Consumers may choose not to buy tickets and look for more affordable entertainment options.
Consumers will buy tickets regardless of price because they are essential.
Consumers will buy more tickets because they are more expensive.
Consumers will stop buying tickets because they are now considered necessities.
Which of the following is the most likely consumer response based on the concept of scarcity?
Consumers may choose not to buy tickets and look for more affordable entertainment options.
Consumers will buy tickets regardless of price because they are essential.
Consumers will buy more tickets because they are more expensive.
Consumers will stop buying tickets because they are now considered necessities.
Answers
GPT-4o mini
Based on the concept of scarcity, the most likely consumer response is:
**Consumers may choose not to buy tickets and look for more affordable entertainment options.**
This response aligns with the idea that as prices increase due to high demand and limited seating, some consumers will reevaluate their options and may opt for alternatives that better fit their budget.
**Consumers may choose not to buy tickets and look for more affordable entertainment options.**
This response aligns with the idea that as prices increase due to high demand and limited seating, some consumers will reevaluate their options and may opt for alternatives that better fit their budget.