Suppose that a consumer's increase in nominal income from the base year exceeds the inflation level given by a Paasche cost of living index for their level of purchases: 
Is this information enough to imply how the consumer's level of well-being has changed? (Hint: Use a revealed preference argument.)
Definitions:
Sales
The transaction where a product is swapped for financial compensation; engaging in the act of selling an item.
Costs
Costs related to producing goods or services, comprising materials, labor, and overhead costs.
Profit Centers
Divisions or segments of a business that directly contribute to its profits through their activities and performance.
Incentives
Motivations or rewards designed to encourage specific behaviors or actions from people or organizations.
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