Income depends on consumption,but consumption does not depend on income.

Name: Income depends on consumption,but consumption does not depend on income.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is incorrect. Consumption and income are interdependent and affect each other. When income increases, consumption also tends to increase, and vice versa. Therefore, income influences consumption, but consumption can also impact income through factors such as economic growth and job creation.

Income Depends on Consumption,but Consumption Does Not Depend on Income