How households will respond to changes in prices or incomes

Reference no: EM13698855

Economic theory offers ______ about the full range of possible events and responses, which can prevent _______ about how households will respond to changes in prices or incomes.

a) systematic consuption choices; unrealistic conclusions

b) two budget constraint theories; misguided possibilities

c) one budge constraint theory; unrealistic possibilities

d) a systematic way of thinking; misguided conclusions

Reference no: EM13698855

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