Which of the following has been the most common consumer response to the economic downturn that began in 2008?
A)spending more on luxury items
B)discontinuing any spending on luxury items
C)spending less and choosing products more carefully
D)spending more on leisure and travel
E)saving more and spending more on grocery items

Question

Quizplus · Accepted Answer

The most common consumer response to the economic downturn that began in 2008 has been to spend less and choose products more carefully. This is because people tend to become more cautious and frugal during tough economic times, prioritizing essential spending over luxury items. It is also a way to save money and make their limited resources last longer. Therefore, option C is the best choice.

Which of the Following Has Been the Most Common Consumer