If prices increase and wages stay the same what happens to consumer behavior

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Social Studies

Guest

31 March, 14:44

If prices increase and wages stay the same what happens to consumer behavior

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Answers (2)

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Mcintosh · Answer 1

If prices increase but wages remain the same consumers will have to choose between what products to purchase. There will be things that they will start to label as luxury items, and will only purchase necessity items.

Laura Mclean · Answer 2

If prices increase but wages remain the same consumers will have to choose between what products to purchase. There will be things that they will start to label as luxury items, and will only purchase necessity items (This answer is from google im just exposing the guy that answered this before me)