What is MOST likely to happen when inflation increases?
A) Consumers buy more discretionary merchandise.
B) Consumers buy fewer personal care and home entertainment products.
C) Off-price and discount retailers suffer from lower sales.
D) Consumers buy lower priced foods.
E) Consumers buy less food.

Question

Quizplus · Accepted Answer

When inflation increases, prices of goods and services rise, including food prices. Consumers tend to choose lower-priced food options to manage their budgets.

What Is MOST Likely to Happen When Inflation Increases