Related to the Economics in Practice on page 125: A reduction in the salience of prices should ________ consumer responses to price increases.
A) increase
B) reduce
C) not change
D) completely eliminate

Question

Quizplus · Accepted Answer

A reduction in the salience of prices means that consumers are less aware of or less focused on prices. Therefore, their responses to price increases would be reduced because they are not as sensitive to price changes.

Related to the Economics in Practice on Page 125: a Reduction