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-What Is the Effect on Income If There Is a Decrease

Question 5

Multiple Choice

-What is the effect on income if there is a decrease in the price of a product? A) It will increase consumers' real income while leaving their actual income unchanged. B) It will increase consumers' actual income while leaving their real income unchanged. C) It will decrease demand. D) It will have no effect on income.
-What is the effect on income if there is a decrease in the price of a product?


A) It will increase consumers' real income while leaving their actual income unchanged.
B) It will increase consumers' actual income while leaving their real income unchanged.
C) It will decrease demand.
D) It will have no effect on income.

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