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How Does a Consumer Decide Whether to Purchase a Particular

Question 11

Multiple Choice

How does a consumer decide whether to purchase a particular item?


A) By comparing the value she expects to derive from consuming it with its purchase price
B) By comparing the value she expects to derive from consuming it with its cost of production
C) By comparing its cost of production with its purchase price
D) By comparing its relative scarcity with its cost of production

Correct Answer:

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