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Which of the following is most likely to cause variation in American household spending patterns?

1)

differing levels of family income

2)

geographical location of households

3)

each household's personal preferences

4)

each of the above will cause a variation

Sagot :

4. Each of the above will cause a variation

Of the following the most likely to cause variation in American household spending patterns are Each of the above will cause variation. either differing levels of family income, geographical location of households, or each household's personal preferences will cause variations in household spending patterns.

Based on economics, income is the result of selling goods or services in a company in a certain period. In fact, it is not only the result of sales, but a company's income can also come from interest on company assets used by other parties, dividends and royalties. Everything is totaled and recorded in the company's books.

In addition, income can also be defined as costs charged to customers or consumers for the price of goods or services. Revenue is an important factor in the company because it is a benchmark for the progress or decline of a company. The greater the income, the company is considered to be more advanced, and vice versa.

You can learn more about income here brainly.com/question/14732695

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