What important assumption does the supply and demand model make a) people are motivated by self-interest b) demand is an inverse relation c) everyone in the market is a price taker d) all goods are normal goods
What important assumption does the supply and demand model make a) people are motivated by self-interest b) demand is an inverse relation c) everyone in the market is a price taker d) all goods are normal goods
Chapter6: Demand Relationships Among Goods
Section: Chapter Questions
Problem 6.7P
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9) What important assumption does the supply and
a) people are motivated by self-interest
b) demand is an inverse relation
c) everyone in the market is a price taker
d) all goods are normal goods
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