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

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 are more cautious about their spending and want to make sure they are getting the most value for their money. Additionally, the economic downturn may have caused some financial hardship for consumers, leading them to cut back on non-essential purchases.

Which of the Following Has Been the Most Common Consumer