21. A fall in the general price level of the country leads to _______________. a. Rise in the real income of the customers b. No change in the real income of the customers c. None of these d. Fall in the real income of the customers
21. A fall in the general price level of the country leads to _______________. a. Rise in the real income of the customers b. No change in the real income of the customers c. None of these d. Fall in the real income of the customers
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter4: The Market Forces Of Supply And Demand
Section: Chapter Questions
Problem 5CQQ
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Question
21. A fall in the general price level of the country leads to _______________.
a.
Rise in the real income of the customers
b.
No change in the real income of the customers
c.
None of these
d.
Fall in the real income of the customers
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