When new goods are introduced, consumers have more variety from which to choose. as a result, each dollar is worth

a. more, and the cost of living increases.

b. more, and the cost of living decreases.

c. less, and the cost of living decreases.

d. less, and the cost of living increases?

Question

Cortez Daugherty

2 November, 21:06

+5

Answers (1)

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Carmen Todd · Answer 1

I believe the answer is c, because then there would be more competition.

When new goods are introduced, consumers have more variety from which to choose. as a result, each dollar is wortha. more, and the cost of living increases.b. more, and the cost of living decreases.c. less, and the cost of living decreases.d. less, and the cost of living increases?