Asked by
Laurel Brown
on Oct 13, 2024Verified
At very low levels of disposable income
A) saving is negative.
B) saving is very high.
C) consumption is negative.
D) consumption is a very small part of income.
Saving
The act of setting aside a portion of current income for future use, typically in a bank account, investments, or other forms of saving vehicles.
Consumption
The process of using up goods and services to satisfy human wants or needs.
- Acknowledging the relationship between disposable income levels and consumer behaviors in terms of spending and saving.
Verified Answer
MJ
Learning Objectives
- Acknowledging the relationship between disposable income levels and consumer behaviors in terms of spending and saving.