Ceteris paribus,if the prices of the goods a consumer purchases decrease,then the consumer's real income
A) decreases.
B) increases.
C) remains the same.
D) It is impossible to tell with the information presented.

Question

Quizplus · Accepted Answer

If the prices of the goods a consumer purchases decrease, then the consumer's purchasing power increases, and they can purchase more goods with the same amount of money. Therefore, the consumer's real income increases.

Ceteris Paribus,if the Prices of the Goods a Consumer Purchases