In 2008housing prices decreased substantially.Given that their mortgage loans were standard mortgage loans and the household remained employed with no change in their wages and salaries and no other income sources,for suchhouseholds the immediate impact was:

a. a decrease in wealth but no change in income.

b. a decrease in income but no change in wealth.

c. a decrease in both wealth and income.

d. no change in either wealth or income.

e. an increase in wealth but no change in income