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Practice Reading: Fill in The Blanks (Drag & Drop)
ID: #35956
Consumption Pattern
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Differential rates of price change can also shape consumption patterns. To their needs and wants, consumers sometimes choose to spending on a particular product or service with spending on an alternative product or service in response to a price movement of the items. All other factors being equal, consumption expenditure volumes would be expected to rise more strongly on spending options subject to lower rates of price inflation.
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