-What Is the Effect on Income If There Is a Decrease

question 5

Multiple Choice

-What is the effect on income if there is a decrease in the price of a product?

• A)It will increase consumers' real income while leaving their actual income unchanged.
• B)It will increase consumers' actual income while leaving their real income unchanged.
• C)It will decrease demand.
• D)It will have no effect on income.

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