Question

Consumer confidence is at its lowest during periods of a. slowdown. b. recovery. c. prosperity. d. recession. e. depression.

Answer 1

Answer:

option E.

Explanation:

The correct answer is option E.

Consumer confidence is lowest when the consumer is depressed. The cause of consumer depression can slow down of the market, loss of money, etc.

When the consumer gets depressed this is the lowest point because the faith of consumers on the market gets depleted which leads to a decrease in further investment.

Prosperity and recovery can never be the lowest point of consumer confidence.

Slowdown and Recession can affect consumer confidence but Consumer confidence is lowest when the consumer is in depression.