Consumers make decisions based
Consumers make decisions based on:
a. full prices.
b. money prices.
c. transaction costs.
d. absolute costs.
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graphically an increase in supply can be shown asa a rightward shift of the supply curveb a leftward shift of the
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consumers make decisions based ona full pricesb money pricesc transaction costsd absolute
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if the price of seiko wristwatches increases from 125 to 200 and as a result the number of seiko wristwatches purchased
economists make a distinction between changes in quantity demanded and in demanda because the supply curve shifts
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