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Question
A consumer who buys more coffee when the price of coffee falls 5 percent, while all other prices fell 5 percent too, is
A) suffering from money illusion.
B) worrying too much about a coming recession.
C) behaving in accordance with classical economic theory.
D) paying too much attention to changes in relative prices.
Answer
This answer is hidden. It contains 1 characters.
Related questions
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