When the Price of a Good Increases, Ceteris Paribus, Consumers

Multiple Choice

When the price of a good increases, ceteris paribus, consumers perceive:

A) an increase in wellbeing if the price increase occurs for an inferior good
B) an increase in income if the price increase occurs for a normal good
C) a loss in wellbeing since they can no longer purchase the same bundle that they had previously
D) a net gain in income if they increase consumption of some goods