Why must we be careful not to generalize from the statement I would not fly to Detroit

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Why must we be careful not to generalize from the statement “I would not fly to Detroit more often at a price of $150 than at a price of $350” to the statement “people will not fly to Detroit more often at a price of $150 than at a price of $350”?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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