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Suppose That a Consumer's Income Triples

Question 36

Multiple Choice

Suppose that a consumer's income triples.However,at the same time,both the price of Suppose that a consumer's income triples.However,at the same time,both the price of and the price of also triple.This consumer has experienced A) an increase in purchasing power. B) a decrease in purchasing power. C) no change in purchasing power. D) a pivot in the budget constraint with an undetermined effect on purchasing power. and the price of Suppose that a consumer's income triples.However,at the same time,both the price of and the price of also triple.This consumer has experienced A) an increase in purchasing power. B) a decrease in purchasing power. C) no change in purchasing power. D) a pivot in the budget constraint with an undetermined effect on purchasing power. also triple.This consumer has experienced


A) an increase in purchasing power.
B) a decrease in purchasing power.
C) no change in purchasing power.
D) a pivot in the budget constraint with an undetermined effect on purchasing power.

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