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Are people worse off when the price level rises as fast as their income?  Why do people often feel worse off in such circumstances.

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Are people worse off when the price level rises as fast as their income?  Why do people often feel worse off in such circumstances.

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Answer - In the pareto optimal condition "We have to make someone better off with out making others worse off" with this keeping in mind . As the Income of person incerases and the price rate increases with same praportio...

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Economics

Consumer demand theory

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