6. When a price goes up, consumers are more likely to do what?

A. Buy more

B. Buy less

C. Produce more

D. Produce less

Question

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Roselyn Knapp

29 December, 14:25

6. When a price goes up, consumers are more likely to do what?

A. Buy more

B. Buy less

C. Produce more

D. Produce less

+4

Answers (2)

Know the Answer?

Russell Lyons · Answer 1

B

Explanation:

According to the law of demand, when price goes up, consumers are less likely to buy the product.

Jenna Wilkerson · Answer 2

The answer is A. Buy more

Explanation:

when consumers see that something is worth a lot they buy because the reason the price is high is because the product is good and the supply is likely to increase.

6. When a price goes up, consumers are more likely to do what?A. Buy moreB. Buy lessC. Produce moreD. Produce less

6. When a price goes up, consumers are more likely to do what?

A. Buy more

B. Buy less

C. Produce more

D. Produce less