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A Rise in the Price of Gasoline,everything Else Remaining the Same,________

Question 109

Multiple Choice

A rise in the price of gasoline,everything else remaining the same,________ the relative price of a restaurant meal and ________ real income in terms of restaurant meals.


A) increases;does not change
B) does not change;decreases
C) decreases;does not change
D) does not change;increases
E) decreases;decreases

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