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In: Economics

Explain these seeming contradictions using any of the economic principles and vocabulary that you have acquired...

Explain these seeming contradictions using any of the economic principles and vocabulary that you have acquired thus far:

  • Why is it so hard to find taxis in the rain?
  • Why do drive-by ATMs have Braille keypads?
  • Why is milk stored in rectangular cartons, and soft drinks in round cans?
  • Why do some cars have fuel fillers on the left and others on the right?
  • Why do people buy bottled water?

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