The Consumption Function Shows the Relationship Between Consumption Expenditure and _______

question 3

Multiple Choice

The consumption function shows the relationship between consumption expenditure and _______ , other things remaining the same.

• A)disposable income
• B)the price level
• C)the interest rate
• D)nominal income
• E)saving

---

Definitions:

Focus Group

A research method involving a group of people who are asked about their perceptions, opinions, beliefs, and attitudes towards a product, service, concept, advertisement, idea, or packaging.

Marketing Research

The systematic gathering, recording, and analysis of data about issues relating to marketing products and services.

Prospective Customers

People or organizations that might buy a product or service but haven't purchased anything so far.

Survey Method

A research technique that involves the collection of data from a pre-defined group of respondents by means of a questionnaire or interview to gather information and insights on various topics.