In the Above Figure, If Household Consumption Is Positively Related

question 122

Multiple Choice

In the above figure, if household consumption is positively related to household income as well as related to the interest rate, then an increase in household income will

• A) shift the line rightward.
• B) make the line positively sloped.
• C) cause a movement along the line.
• D) shift the line leftward.

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Definitions:

Sustainable Development

The practice of meeting present needs without compromising the ability of future generations to meet their own needs, typically focusing on environmental, economic, and social sustainability.

Marketing Concept

A business philosophy that focuses on identifying and meeting the needs and desires of its customers through its product mix.

Consumer-oriented

A business philosophy that places the interests and satisfaction of the consumer at the forefront of decision-making and product development.

Society-oriented

An approach or philosophy that places the welfare of society and the community above individual interests.