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
A sudden increase in the price of canned soup would most likely lead to the behavior of people buying less soup. As the price rises, consumers are generally less willing to purchase the same quantity of the product, especially if there are substitutes available. Therefore, the most appropriate response is:
People would buy less soup.
