Ask Question
13 May, 02:30

How can an increase in prices affect consumption?

+4
Answers (2)
  1. 13 May, 03:04
    0
    When a price changes and consumers have an incentive to consume less of the good with a relatively higher price and more of the good with a relatively lower price.
  2. 13 May, 04:11
    0
    In increase in prices makes less people want to buy
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “How can an increase in prices affect consumption? ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers