Macroeconomics (Mcgraw-hill Series in Economics)
Macroeconomics (Mcgraw-hill Series in Economics)
10th Edition
ISBN: 9781259663048
Author: David C Colander
Publisher: McGraw-Hill Education
Question
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Chapter 4, Problem 5QAP

(a)

To determine

Describe whether consumers make purchasing decisions based on the general rules of thumb instead of price.

(b)

To determine

Explain the conclusion drawn about the markets.

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