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Price increases cause a decrease in a household's choice set.

rizumidancer

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Price increases cause a decrease in a household's choice set.

Question 1.

Assuming a perfectly competitive market implies that households have perfect knowledge of qualities and prices of everything available in the market.

▸ true

▸ false

Question 2.

Price increases cause a decrease in a household's choice set.

▸ true

▸ false

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 58 times

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jeromet1

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5 years ago

More solutions for this book are available here

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rizumidancer Author

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5 years ago

Smart ... Thanks!

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