Of the Three Major Categories of Consumption,________ Is the Most

question 30

Multiple Choice

Of the three major categories of consumption,________ is the most volatile because their purchase ________.

• A)services;is sensitive to income levels
• B)nondurables;is sensitive to income levels
• C)durables;can be postponed when incomes decline
• D)durables;they are necessities

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Definitions:

Jelly

Jelly is a clear or translucent fruit spread made from sweetened fruit juice and set with gelatin or pectin.

Marginal Utility

The extra pleasure or benefit gained by a consumer from having an additional unit of a product or service.

Rutabagas

A root vegetable, often confused with turnips, known for its purple skin and yellow flesh; used in cooking for its mild, sweet flavor.

Broccoli

A green vegetable with a large flowering head, often eaten as food.