Which of the following is not an example of the threat of substitutes?

Question

Quizplus · Accepted Answer

Option C is not an example of the threat of substitutes. It describes a situation in which people stop taking vacations if the hotel prices get too high, but it does not suggest that they switch to a substitute product or service. Options A and B both describe situations in which consumers switch to substitutes when the prices of the original product get too high, and option D suggests that all choices are correct.

Which of the Following Is Not an Example of the Threat