Which of the following is true about consumer spending over time?
A) Spending habits do not change.
B) Spending habits show no consistent pattern.
C) Spending habits are likely to change when new products enter the market.
D) Spending habits change monthly.

Question

Quizplus · Accepted Answer

Consumer spending is often influenced by the availability of new products and technologies in the market. When new products enter the market, consumers may shift their spending habits to incorporate these new items. Therefore, it is likely that spending habits will change over time in response to changing products and technologies. Choices A, B, and D are all incorrect as they do not accurately reflect the dynamic nature of consumer spending.

Which of the Following Is True About Consumer Spending Over