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If a market basket is changed by adding more to at least one of-(Answered)

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Question

If a market basket is changed by adding more to at least one of the goods, then every consumer

will

a) rank the market basket more highly after the change.

b) rank the market basket more highly before the change.

c) rank the market basket just as desirable after the change.

d) be unable to decide whether he prefers the first market basket to the second or the second to the

first.

e) recognize this as one of the unsolved problems in economics.

 

Paper#9208985 | Written in 27-Jul-2016

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