5.2 Why would a consumers demand for a supermarket product change when the product price is quoted...

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5.2 Why would a consumer’s demand for a supermarket product change when the product price is quoted inclusive of taxes rather than before tax? Is the same effect as likely for people buying a car?

(Hint: See the Application “Unaware of Taxes.”)

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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