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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 ago
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