=+drink. b. Consumers are illogical because they buy less at Cost-U-Less Warehouse Superstore when their incomes go

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b. Consumers are illogical because they buy less at Cost-U-Less Warehouse Superstore when their incomes go up.

c. Consumers are illogical for buying an iPhone 7 when an iPhone 5 costs less. 20. In 2016 the price of oil fell to a 12-year low. For drivers, the cost of driving fell significantly as gasoline prices plunged. For the airline industry, the cost of operation also fell

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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