3. It is best to think of the household choice problem as one of allocating income over...
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3. It is best to think of the household choice problem as one of allocating income over a large number of goods and services. A change in the price of one good may change the entire allocation. Demand for some goods may rise, while demand for others may fall.
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Related Book For 
Principles Of Microeconomics
ISBN: 9780691150093
13th Global Edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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