Microeconomics 9th Edition by Stephen Slavin

تمرين 39

Practical Application: You live in a drafty old house that was once owned by your great grandparents. When the price of home heating oil triples, it now costs you over $2,000 a month to heat your house, which is a lot more than you can afford. What would you do in the market period, the short run, and the long run?