How can a person with limited income become a more responsible consumer?

How can a person with limited income become a more responsible consumer?
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Answer :

Every one of us, no matter the income, can live a simpler life. When we switched to organic and vegan diet, our grocery bill didn’t go increase all that much (it increased some because we started shopping in Whole Foods and Trader Joe’s but the difference is worth it) and by giving up the car, taking up biking, growing veggies and building a lot of our stuff (Alex is a genius in making furniture or clothing or anything, really), we saved loads of money. I agree that if, for example, one wants clothing for their children that is guaranteed to be free of toxins, one has to pay more but, again, I just buy less pairs of pajamas and socks but I feel better. I think one can prioritize when beginning this journey of being more conscious and realize that sacrifices must be made but that it’s not that hard to make them. Of course, there are people whose very location and low income makes it next to impossible to avoid fast food chains or corporate evils like Walmart and that’s why each of us needs to assess our privilege and work towards bringing support to community markets, to changing nutrition in schools, to lobbying for parks and bike lanes and exersize programs, to CookShop classes in specific neighborhoods, to working with faith-based organizations in particularly impoverished areas, to bring awareness – these are some of the things I’ve done to make sure everyone can make healthier, more conscious choices. I think we should consider what’s available to the communities we live in and go from there. I am lucky that I am mobile and can go to the city and get some groceries – not everyone can.
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What will be the effect on inferior commodities when income of the consumer rises? (1) Negative effect (2) Positive effect (3) No effect (4) First increase then decrease

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Last Answer : Negative effect

The functional relationship between income and consumption expenditure is explained by (1) Consumer’ Surplus (2) Law of Demand (3) Law of Supply (4) Keynes’s psychological law of consumption

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Last Answer :  Keynes’s psychological law of consumption

Other things being equal, a decrease in quantity demanded of a commodity can be caused by (1) a rise in the price of the commodity (2) a rise in the income of the consumer (3) a fall in the price of a commodity (4) a fall in the income of the consumer

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Last Answer : a rise in the price of the commodity

Consumer’s sovereignty means: (1) consumers are free to spend their income as they like. (2) consumers have the power to manage the economy. (3) consumer’s expenditures influence the alloca tion of resources. (4) consumer goods are free from government control.

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Last Answer :  consumers are free to spend their income as they like.

Extension or contraction of quantity demanded of a commodity is a result of a change in the (1) unit price of the commodity (2) income of the consumer (3) tastes of the consumer (4) climate of the region

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