You review a salesman's income over a five-year period. You note it fluctuates significantly from year-to-year. Yet his consumption of goods and services remains consistently at the same level, year after year. Does this mean that income is not a determinant of consumption, or could something else explain his behaviour?
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The Answer of You review a salesman's income over a five-year period. You note it fluctuates significantly from year-to-year. Yet his consumption of goods and services remains consistently at the same level, year after year. Does this mean that income is not a determinant of consumption, or could something else explain his behaviour?
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You Review a Salesman's Income Over a Five-Year Period