If prices go up and remain high, some products once regarded as necessities may be dismissed as luxuries.

Name: If prices go up and remain high, some products once regarded as necessities may be dismissed as luxuries.
Brand: Quizplus
Rating: 4.8 (40 reviews)

Question

Quizplus · Accepted Answer

When prices increase significantly and stay high, consumers may adjust their spending habits by reevaluating their needs versus wants, leading to previously essential items being considered non-essential or luxurious due to their cost.

If Prices Go Up and Remain High, Some Products Once