If the nominal wages of carpenters rose by 4 percent in 2019 and the price level decreased by 1 percent, then the real wages of carpenters Multiple Choice O decreased by 3 percent. O increased by 5 percent. O increased by 3 percent. O increased by 1 percent.Marginal Marginal Marginal Utility, New Units of Utility, x Utility, Y Product, Z Product (Price = $1) (Price = $1) (Price = $1) First 12 16 20 Second 10 14 18 Third 8 12 16 Fourth 6 10 14 Fifth 4 8 12 Sixth IN 6 10 Seventh 4 8 Refer to the data for a consumer whose income = $2. Suppose the price of new product Z is $2 rather than $1. This consumer would purchase Multiple Choice O some of Z but less than at a price of $1. O none of Z. O less of X, Y, and Z than if the price were $1. O more of X, Y, and Z than if the price were $1