asked 192k views
1 vote
Why might a rise in the price of electric razors result in an increase in demand for nonelectric razors?

asked
User Han Tran
by
8.0k points

2 Answers

0 votes

Because people will switch to non electric razors to save money

answered
User Vivek Mishra
by
8.8k points
4 votes
A rise in the price of electric razors result in an increase in demand for nonelectric razors because consumers would rather choose to buy a product with lower cost having the same effect as compared to the product with the higher price. Buying the nonelectric razor would save them money while still having the same output.
answered
User George Kourtis
by
8.5k points
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