If the price of gasoline increases and the price of food remains the same, then real income measured in terms of
A) gasoline increases.
B) gasoline decreases.
C) food increases.
D) food decreases.

Question

Quizplus · Accepted Answer

The Answer of If the price of gasoline increases and the price of food remains the same, then real income measured in terms of
A) gasoline increases.
B) gasoline decreases.
C) food increases.
D) food decreases.

If the Price of Gasoline Increases and the Price of Food