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

Question

Ariel Ellis

Social Studies

31 May, 20:34

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

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Answers (2)

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Jakob Hubbard · 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.

Chan · 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)