What is the effect of the fall in Saras income on her real income in terms of
Question:
What is the effect of the fall in Sara’s income on her real income in terms of
(a) smoothies and (b)
popcorn?
Sara’s income falls from $12 to $9 a week, while the price of popcorn is unchanged at $3 a bag and the price of a smoothie is unchanged at $3.
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