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Suppose a household faces an increase in the price of food and the government responds by transferring to the household enough extra income that it
- Suppose a household faces an increase in the price of food and the government responds by transferring to the household enough extra income that it could purchase its original bundle of "food" and "other goods". Under these circumstances, will the household will choose to purchase its original bundle?
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The Theory Of Moral Sentiments
Authors: Adam Smith, D D Raphael
1st Edition
0865970122, 9780865970120
