If the Cost of Your Gasoline Purchases Decrease from $150

Multiple Choice

If the cost of your gasoline purchases decrease from $150 per month to $80 over a period of one year due to lower prices and your income decreases from $1,600 per month to $1,500 per month,your nominal income has

A) Increased,but your real income has decreased.
B) Decreased,but your real income has increased.
C) Increased,and your real income has increased.
D) Increased,but your real income has remained the same.