PLEASE I BEG YOU HELP ME WITH THIS QUESTION. PLEASE ANSWER THIS QUESTION AS ACCURATELY AND COMPLETELY YOU CAN. I WILL MARK IT AS HELPFUL.

Maria tells you that her company has decreased the pay of all employees by 10%. Thus, her income m has decreased by 10%. Hence, she is no longer able to consume previously affordable bundles of goods, and so she must now be worse off. Apply microeconomic concepts and illustrate those every time you can to demonstrate how Maria might or might not be worse off. Besides, do research online on well-being or happiness indices (giving examples of at least two) to explain to her why or why not this might be true, in other words, to consider the well-being index as an alternate reason of why she might or might not be worse off and so evaluating the usefulness of the models we've learned about.