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Personal consumption or purchasing decisions

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Price elasticity, income elasticity, and cross elasticity are interesting concepts but no one really uses such considerations when making personal consumption or purchasing decisions; business firms might use such information, but individual people do not. Agree? Disagree? Explain.

Reference no: EM132275693

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Personal consumption or purchasing decisions : Price elasticity, income elasticity, and cross elasticity are interesting concepts but no one really uses such considerations when making personal consumption
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