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After reading the chapter on demand theory, a classmate turns to you and says, I'm rather confused. According to economic theory, people demand a good
After reading the chapter on demand theory, a classmate turns to you and says, "I'm rather confused. According to economic theory, people demand a good or service because it yields utility. This obviously does not apply to medical services. Just last week I went to the dentist and had a root canal, and you can't tell me I received any utility or satisfaction from that!" Explain how utility analysis can be used to explain why he went to the dentist
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