Which of the Following Is the Best Example the Income

Multiple Choice

Which of the following is the best example the income effect of a price change?

A) When Gary's income doubles, his wine consumption doubles, the price of wine remaining unchanged.
B) When the price of diesel falls, consumers start purchasing more petroleum-powered vehicles.
C) While purchasing shirts and jeans, when the price of a pair of jeans falls, Jack purchases more of both jeans and shirts.
D) While purchasing pens and pencils, when the price of pens falls, Jill purchases more pens and fewer pencils.