Which of the following will not tend to shift the consumption schedule upward?
A) A currently small stock of durable goods in the possession of consumers.
B) The expectation of a future decline in the consumer price index.
C) A currently low level of household debt.
D) The expectation of future shortages of essential consumer goods.

Question

Quizplus · Accepted Answer

The expectation of a future decline in the consumer price index may lead consumers to delay purchases, anticipating lower prices, which would not shift the consumption schedule upward.

Which of the Following Will Not Tend to Shift the Consumption