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Campbellant26
Campbellant26 Campbellant26
  • 22-01-2017
  • Social Studies
Answered

A change in which of the following can affect the level of consumption spending?

Verified Answer :

Alkis
Alkis Alkis
  • 03-02-2017

One of the most important determinants of consumption spending is income. Thus a change in income can lead to changes in consumption spending. The direction of the change depends on the type of the good (normal, lesser, giffen)

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