Changes in ________ have a psychological impact on consumers, who tend to spend more when they feel their net worth is rising and postpone purchases when it declines.
A) automobile prices
B) fuel prices
C) the number of people competing for jobs
D) consumer confidence
E) home values

Question

Quizplus · Accepted Answer

Changes in home values affect consumers' perception of their net worth, influencing their spending behavior. When home values rise, consumers feel wealthier and are more likely to spend, whereas declining home values can lead to reduced spending.

Changes in ________ Have a Psychological Impact on Consumers, Who