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A household ________ as long as the utility from the good's consumption is less than its market price.

lambchop03

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A household ________ as long as the utility from the good's consumption is less than its market price.

Question 1.

Voluntary exchange is a change that makes

▸ some people better off and some people worse off.

▸ nobody better off and nobody worse off.

▸ everyone better off and nobody worse off.

▸ some people better off and nobody worse off.

Question 2.

A household ________ as long as the utility from the good's consumption is less than its market price.

▸ will only buy a good

▸ will always buy a good

▸ should never buy a good

▸ should never sell a good

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

Read 75 times

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