I bought 10 apples and 5 oranges last year. I can still afford this consumption bundle this year. Which of the following cannot betrue?a. Prices doubled and my income also doubledb. Prices and income remain unchangedc. Price of apples increased, the price of oranges decreased and my income remained unchangedd. Price of apples and oranges increased and my income remained unchanged

Inflation is the pace of increment in costs throughout a fixed given timeframe. Inflation is…

b. Pričěš añd income remain unchanged O c. Price of apples increased, the price of oranges decreased and my income remained unchanged O d. Price of apples and oranges increased and my income remained unchanged

b. Pričěš añd income remain unchanged O c. Price of apples increased, the price of oranges decreased and my income remained unchanged O d. Price of apples and oranges increased and my income remained unchanged

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I bought 10 apples and 5 oranges last year. I can still afford this consumption bundle this year. Which of the following cannot be
true?
a. Prices doubled and my income also doubled
b. Prices and income remain unchanged
c. Price of apples increased, the price of oranges decreased and my income remained unchanged
d. Price of apples and oranges increased and my income remained unchanged

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