As wealth increases, savers choose
A)more necessity assets and fewer luxury assets.
B)more luxury assets and fewer necessity assets.
C)more of both luxury assets and necessity assets.
D)fewer of both luxury assets and necessity assets.

Question

Quizplus · Accepted Answer

As wealth increases, savers tend to choose more luxury assets and fewer necessity assets because they have more disposable income to allocate towards items that are considered non-essential or luxury.

As Wealth Increases, Savers Choose