Ask Question
18 August, 07:58

5) When consumers are less confident about their jobs or incomes, they are more likely to:

A) reduce purchases of durable goods than nondurable goods.

B) reduce purchases of nondurable goods and increase purchases of durable goods.

C) increase investment spending and decrease consumption spending.

D) increase consumption spending and decrease investment spending.

+4
Answers (1)
  1. 18 August, 10:18
    0
    Answer: a. Reduce purchases of durable goods than nondurable goods

    Explanation:

    When consumers are less confident about their jobs or incomes, they are more likely to reduce purchases of durable goods than nondurable goods. They consider their income now and are considerate about their spendings.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “5) When consumers are less confident about their jobs or incomes, they are more likely to: A) reduce purchases of durable goods than ...” in 📙 Social Studies if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers