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If a consumer believes that businesses are charging a price well below equilibrium for a good he wants, what would be a rational response? Assume
If a consumer believes that businesses are charging a price well below equilibrium for a good he wants, what would be a rational response? Assume the good cannot be resold.
Not purchase any units to wait until the surplus leads to a lower price
Purchase more units than he wants to take advantage of the low price
Purchase his desired units quickly before there is a shortage
Purchase the closest substitute for that good
Purchase a complement to that good
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