A sudden increase in the price of canned soup would likely lead to people buying less soup. This is because, as prices rise, consumers typically adjust their purchasing behavior to respond to the higher costs, often seeking alternatives or reducing their consumption of the affected product.
How would a sudden increase in the price of canned soup affect people’s behavior?
(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
1 answer