A uniform increase in the price of a good ______ the real income (and well-being)of households that are net _____ of it and ______ the real income of households that are net _______.

Question

Quizplus · Accepted Answer

A uniform increase in the price of a good raises the real income of households that are net sellers because they receive more for the goods they sell, and reduces the real income of households that are net buyers because they have to spend more to purchase the same amount of goods.

A Uniform Increase in the Price of a Good ______