n the context of the family life cycle, which of the following statements is true of households with older children? Question 15 options: a) ​They will decrease their spending on alcohol, education, and transportation. b) ​They spend more on food, entertainment, education, as well as cars and gasoline. c) ​They will increase their spending on health care, clothing, housing, and food. d) ​They buy cars to display their status more than to fulfill their needs.

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