If the quality of a good improves while its price remains the same,then the value of a dollar
A)rises and the cost of living increases.
B)rises and the cost of living decreases.
C)falls and the cost of living increases.
D)falls and the cost of living decreases.

Question

Quizplus · Accepted Answer

When the quality of a good improves while its price remains the same, the value of a dollar increases because the consumer is getting more value for the same amount of money. This will lead to a decrease in the cost of living as people can purchase more goods and services for the same amount of money.

If the Quality of a Good Improves While Its Price