Of the three major categories of consumption,________ is the most volatile because their purchase ________.
A)services;is sensitive to income levels
B)nondurables;is sensitive to income levels
C)durables;can be postponed when incomes decline
D)durables;they are necessities

Question

Quizplus · Accepted Answer

Durables can be postponed when incomes decline, making their purchase more volatile. Services are less affected by changes in income levels, and nondurables are considered necessities and are also less sensitive to income levels.

Of the Three Major Categories of Consumption,________ Is the Most