Question
In: Economics
The representative consumer will consider the real price of goods when making decisions about how much...
The representative consumer will consider the real price of goods when making decisions about how much to spend. (true or false)?
Solutions
Expert Solution
The statement that, the representative consumer will consider the real price of goods when making decisions about how much to spend is:
- TRUE
Explanation
The representative consumer will consider the real price of goods i.e consider of inflation also is very important factor for representative consumer, while making decisions about how much to spend.
Rahul Sunny answered 2 years agoRelated Solutions
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