how-do-changes-in-the-price-of-a-good-affect-consumer-behavior

Question

How do changes in the price of a good affect consumer behavior?

Accepted Answer

Consumers may switch to substitutes if the price of a good increases.

Answer

Consumers will always buy more of a good as its price increases.

Answer

Consumers will buy less of a good if its price decreases.

Answer

Price changes have no effect on consumer behavior.