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Would a 5% or 10% increase in the price of a product lead you to switch to another product? For what fraction of purchases? Would
Would a 5% or 10% increase in the price of a product lead you to switch to another product? For what fraction of purchases? Would an increase in the price of a broader collection of products (such as all soft drinks) lead you to substitute to another broader collection of products? Why or why not?
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
