The Phenomenon That Occurs When a Consumer Feels Anxiety or Regret

question 35

True/False

The phenomenon that occurs when a consumer feels anxiety or regret after a purchase is known as cognitive dissonance.

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Definitions:

Savings

Money that is set aside from one's income or earnings for future use, often accumulating interest.

Saving

The portion of income that is not spent on immediate consumption but is set aside for future use, often in investments or deposits.

Disposable Income

The available amount for households to spend and save, subsequent to income tax deductions.

Autonomous Consumption

The level of consumption that occurs when income is zero, representing the expenditures that consumers must make even when they have no income.