What is likely to happen when consumers hear reports that make them worry about a product's safety? Explain the possible effect on demand and price.

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asked Aug 9, 2021 235k views

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Exoslav · Answer 1 · 2021-08-16T02:04:42+0000

Answer:When consumers hear something that makes them worry that a product is not safe, that tends to decrease the number of people buying that product which means the demand goes down, and the price goes up because of less business.

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What is likely to happen when consumers hear reports that make them worry about a product's safety? Explain the possible effect on demand and price.

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