Which event would benefit toy producers rather than toy consumers?
(1 point)
Responses
A natural resource increases in price.
A natural resource increases in price.
A toy becomes popular and increasingly scarce.
A toy becomes popular and increasingly scarce.
A market shift causes people to put more money in savings.
A market shift causes people to put more money in savings.
A wider variety of toys from around the world reach the market.
A wider variety of toys from around the world reach the market.
The event that would benefit toy producers rather than toy consumers would be: A toy becomes popular and increasingly scarce.
To determine which event would benefit toy producers rather than toy consumers, we need to evaluate each option.
- "A natural resource increases in price" does not directly impact toy producers or consumers since it does not pertain specifically to the toy industry. Therefore, it is not the correct answer.
- "A toy becomes popular and increasingly scarce" would benefit toy producers because if a toy becomes popular and scarce, it creates a high demand for that toy. As a result, toy producers can increase prices and potentially increase their profits. In this scenario, toy producers benefit more than toy consumers.
- "A market shift causes people to put more money in savings" does not directly relate to the toy industry, so it is not the correct answer.
- "A wider variety of toys from around the world reach the market" could be beneficial for both toy producers and consumers. However, since the question specifically asks about an event that benefits toy producers rather than consumers, this option is not the correct answer.
Therefore, the correct answer is: "A toy becomes popular and increasingly scarce."