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Recall your purchasing decisions for your most consumed goods and services by reading the articles provided. Choose a consumption good ie. your favourite restaurant, gym
Recall your purchasing decisions for your most consumed goods and services by reading the articles provided. Choose a consumption good ie. your favourite restaurant, gym membership, hobby purchases, etc. Using economic terms including : marginal utility, diminishing marginal utility, opportunity cost, substitute goods, complementary goods, normal goods, budget line, income elasticity, cross elasticity - Please help me writing 400 -500 word description of the decision process and the factors you take into account for your purchase decision.
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