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djsmyers djsmyers
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6 years ago
Borem is a big fan of wine from Trader Moe's. Moe's sells a high-quality expensive wine and a cheap low-quality wine. Borem buys both types but tends to buy more bottles of the cheaper wine. Borem later moves to a new city where he must drive a long distance to get his wine at Trader Moe's. Assuming the income effect is small, and that Borem still buys his wine from Moe's, how is he going to change his relative consumption of the expensive and cheap wines?
Textbook 
Microeconomics: Theory and Applications with Calculus

Microeconomics: Theory and Applications with Calculus


Edition: 4th
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unExpectedunExpected
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6 years ago
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djsmyers Author
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6 years ago
Smart ... Thanks!
Hellish Lover
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Yesterday
This site is awesome
Marcie D
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2 hours ago
Helped a lot
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