Ask Question
10 May, 12:57

What is likely to happen when consumers

hear reports that make them worry about a product's

safety? Explain the possible effect on demand and price.

+2
Answers (1)
  1. 10 May, 13:04
    0
    Answer:When consumers hear something that makes them worry that a product is not safe, that tends to decrease the number of people buying that product which means the demand goes down, and the price goes up because of less business.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “What is likely to happen when consumers hear reports that make them worry about a product's safety? Explain the possible effect on demand ...” in 📗 History if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers