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prodeco prodeco
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7 years ago
Luther has a nice suburban home and everything necessary to be happy, but when his neighbors buy a high-profile item like a car or a hot tub, Luther has to buy something similar. His wife calls it "keeping up with the Joneses." What would economists say is at work here?
A) buyer-seller irrationality
B) consumer sovereignty
C) government influences
D) incomplete information
E) product scarcity
Textbook 
Business: A Practical Introduction

Business: A Practical Introduction


Edition: 1st
Authors:
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podrapodra
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prodeco Author
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#2
6 years ago
A+ for the explanation
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