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What is an economic good?Let's say you have Php 1000 in your wallet. From this amount you were able to buy grocery for the week

What is an economic good?Let's say you have Php 1000 in your wallet. From this amount you were able to buy grocery for the week and be able to dine outside with your family. If prices go up by 10 percent, your Php1000 can now only buy the grocery for the week. The cash you hold loses ____________________

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