Inflation, shrinkflation and now ‘skimpflation’

1.

What is the word for when products get smaller but the prices remain the same?

Shrinkflation

Skimpflation

Economics

Competition

2.

What was one issue Disney had in 2021, according to the text?

They reduced ticket prices.

They increased the quality of their services.

They offered fewer services but charged the same prices.

They stopped all services at their parks.

3.

Skimpflation happens when businesses raise prices for their products or services.

True

False