In Which of the Following Situations Will an Individual's Purchasing

question 50

Multiple Choice

In which of the following situations will an individual's purchasing power be unaffected?

• A)all absolute prices fall by 15% and money income falls by 15%
• B)all relative prices fall by 15% and money income falls by 15%
• C)all relative prices rise by 15% and money income falls by 15%
• D)all absolute prices remain constant and money income falls by 15%
• E)all relative prices remain constant and money income rises by 15%

---

Definitions:

Myths

Widely held but false beliefs or stories, often involving supernatural beings or events, that serve to explain natural phenomena or cultural practices.

Extramarital Sex

Sexual activities that occur outside of marriage, often considered as infidelity.

Cultural Variations

Differences in practices, beliefs, and values among different cultures, affecting how individuals perceive and interact with the world.

Social Factors

Elements within a society that influence the behavior, preferences, and decisions of individuals or groups, such as cultural norms, education, and family.