Consumer buys less gasoline because gas prices increased

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Reference no: EM13889101

If a consumer buys less gasoline because gas prices increased by 10% even though all other prices have also increased by 10% then

A. The consumer has been fooled by money illusion

B. Inflation is not a problem in the economy

C. Wages and prices are too flexible

D. The consumer is paying to close attention to changes in relative prices

Reference no: EM13889101

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