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Explain what the statement We can't have everything we want means. (5 points) Why might raising the price of a good by a dollar lead

Explain what the statement "We can't have everything we want" means. (5 points)
Why might raising the price of a good by a dollar lead to lower profits? (5 points)
Explain why a model that delivers good enough approximations is a good model. (5 points)
Explain why economists might disagree on the content of a model. (5 points)

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