Mbombo, also known as Bumba or Mbongo, is the god of creation in the religion and mythology of...
2016-07-10T02:34:35-04:00. The answer to the question above is letter C. The income that is not used for consumption is called a SAVINGS. Saving consist of the amount left over when the cost of a person's consumer expenditure is subtracted from the amount of disposable income he or she earns. This question is archived.
A Change in Income. 1  The effect of a change in income on consumption is called the income effect. 2  When income increases, the budget line shifts out. 3  This allows the individual to consume more of both goods.  The demand curve shifts.