As consumers become more informed about their options, the demand for
A)low-priced products has remained about the same.
B)low-priced products has declined.
C)low-priced products has grown.
D)high-priced products has grown.
E)high-priced products has declined.

Question

Quizplus · Accepted Answer

As consumers become more informed about their options, they may prioritize quality over price and seek out higher-quality products, leading to a growing demand for high-priced products. Additionally, the availability of information online allows consumers to compare prices and find deals, which may lead to a decline in demand for low-priced products. Therefore, the demand for low-priced products has grown.

As Consumers Become More Informed About Their Options, the Demand