In explaining consumer behaviour, economists explain how consumer tastes and preferences are formed.
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Q80: Table 6.7 Q81: To maximise utility, consumers should buy goods Q83: To what does the income effect of Q86: The economic model of consumer behaviour explains Q90: What are the two effects of a Q91: The income effect of a decrease in Q91: If you received negative marginal utility from Q92: When diminishing marginal utility sets in, total Q96: Which of the following correctly describes the Q102: The substitution effect of a price increase
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