gasoline falls by 20 percent. For a consumer who was spending 5 percent
of their income on gas, this is equivalent to a 1 percent increase in their
real income (20 percent of 5 percent).
gasoline falls by 20 percent. For a consumer who was spending 5 percent
of their income on gas, this is equivalent to a 1 percent increase in their
real income (20 percent of 5 percent).