Question

d Discuss whether or not an increase in income will cause an increase in spending. (8)
You need to discuss the question with 2 points for and 2 points against the argument

Answer 1

Answer:

It depends on the individual.

Explanation:

Increase income will leads to increase in spending because more money is available to spend on luxurious items. There are two types of people on the world. First are those who spends more with the increase of income, while on the other hand, the second type of people can save money when their income increases. So we can say that it depends on the type of people, if the people belongs to first type then we can say that income will cause an increase in spending.