Answered

Welcome to Westonci.ca, where curiosity meets expertise. Ask any question and receive fast, accurate answers from our knowledgeable community. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

When the price level falls, the number of dollars needed to buy a representative basket of goods Group of answer choices decreases, so the value of money rises. increases, so the value of money rises. increases, so the value of money falls. decreases, so the value of money falls.

Sagot :

Answer:

decreases, so the value of money rises

Explanation:

Let us assume the starting price level is $100 so here the amount that need to pay is $100 now the price level falls to $50 so again the amount that should be paid is $50 so as we can see that if there is any fall in the price level so the number of dollar would be decreased therefore the value of the money would be increased

When the price level is 50 so the consumer purchased two things

Hence, the first option is correct

We appreciate your time. Please come back anytime for the latest information and answers to your questions. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Discover more at Westonci.ca. Return for the latest expert answers and updates on various topics.