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Sagot :
Assume you can only spend your money on newspapers, shoes, or harmonicas. Enough money that you can buy one of these three goods, which will you choose newspaper.
Option A is correct.
Levels of Consumption:
The level of consumption that occurs in the economy at any given time depends on the economy's purchasing power. Purchasing power depends on the economy's net disposable income spent on consumption in receipts after savings are adjusted.
What are the factors of consumption?
Consumption function, in economics, the relationship between consumer spending and the various factors that determine it. At the household or family level, these factors may include income, wealth, expectations about future income or wealth levels and risks, interest rates, age, education, and family size.
Learn more about levels of consumption:
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