Which of the following will not cause the consumption schedule to shift? A. A sharp increase in the amount of wealth held by households. B. A change in consumer incomes. C. The expectation of a recession. D. A growing expectation that consumer durables will be in short supply.

Question

Social Studies

Toby

14 September, 09:12

Which of the following will not cause the consumption schedule to shift? A. A sharp increase in the amount of wealth held by households. B. A change in consumer incomes. C. The expectation of a recession. D. A growing expectation that consumer durables will be in short supply.

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Answers (1)

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Ezequiel Ibarra · Answer 1

B. A change in consumer incomes.

Explanation:

Consumption schedule is the table of the numbers which shows relation between the consumption expenditures and the income for household sector.

The shift in consumption schedule is result of the change in one of non income determinate of the consumption like the change in wealth, taxation, expectations, or household debt.

Hence, Options A, C and D are the cause of the consumption schedule to shift.