(1 point)
Responses
People would buy less soup
People would buy less soup
People would buy more soup
People would buy more soup
People would value the soup they eat more.
People would value the soup they eat more.
People would find emotional incentives to buy soup.
People would find emotional incentives to buy soup.
1 answer
The most likely response to a sudden increase in the price of canned soup would be:
People would buy less soup.
Higher prices typically lead to a decrease in quantity demanded, as consumers may look for cheaper alternatives or reduce their overall consumption of that product.
1 answer
11 answers
2 answers
1 answer