5. Do you think consumers make purchasing decisions based on general rules of thumb instead of price?

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5. Do you think consumers make purchasing decisions based on general rules of thumb instead of price?

a. Why would consumers do this?

b. What implication might this have for the conclusions drawn about markets? (Post-Keynesian)

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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