What Would Be a Likely Consumer Response When Inflation Increases

question 55

Multiple Choice

What would be a likely consumer response when inflation increases?

• A)Consumers buy more discretionary merchandise.
• B)Consumers buy fewer personal care and home entertainment products.
• C)Off-price and discount retailers suffer from lower sales.
• D)Consumers buy lower-priced foods.
• E)Consumers buy less food.

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Definitions:

Depersonalization Disorder

A mental disorder in which individuals feel detached from their own body and thoughts, as if they are observing themselves from outside.

Drifting

The gradual change or movement from one position, state, or condition to another, often used metaphorically to describe changes in opinions, objectives, or life circumstances.

Dissociative Disorders

Psychological disorders characterized by disturbances or malfunctions in memory, consciousness, identity, or the way one perceives reality.

Self-Hypnosis

A form of hypnosis which is self-induced, and often used for therapeutic purposes, such as stress relief and personal development.