B Com Exam  >  B Com Questions  >  According to the relative income hypothesis, ... Start Learning for Free
According to the relative income hypothesis, consumption is influenced by:
  • a)
    Current income only.
  • b)
    Anticipated future income only.
  • c)
    Both current income and previous peak income.
  • d)
    Transitory income fluctuations.
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
According to the relative income hypothesis, consumption is influenced...
The relative income hypothesis suggests that consumption depends on current income relative to previous peak income. This means that both current income and the income attained in the past play a role in influencing consumption patterns.
Explore Courses for B Com exam
According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer?
Question Description
According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer?.
Solutions for According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.
Here you can find the meaning of According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer?, a detailed solution for According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer? has been provided alongside types of According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice According to the relative income hypothesis, consumption is influenced by:a)Current income only.b)Anticipated future income only.c)Both current income and previous peak income.d)Transitory income fluctuations.Correct answer is option 'C'. Can you explain this answer? tests, examples and also practice B Com tests.
Explore Courses for B Com exam
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev