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Author Question: Related to the Economics in Practiceon p. 125: Suppose Store ABC runs an ad claiming to have "low ... (Read 32 times)

hubes95

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on: Apr 19, 2019

Related to the 
Economics in Practice on p. 125: Suppose Store ABC runs an ad claiming to have "low prices everyday." They even demonstrate that the total expenditure for a basket of groceries is less at their store than at any of their competitors. Which of the following statements is 
not true?


◦ You would clearly be better off shopping at Store ABC.
◦ Your preferences may not be consistent with the basket used by Store ABC (in their example), thus it is not clear whether or not you would be better off shopping at Store ABC or not.
◦ Even if your preferences are generally consistent with the basket used by Store ABC, it may still be possible for you to substitute other similar goods for those in the basket used by Store ABC (in their example) and thus spend less at another store.
◦ All of these statements are true.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by hubes95 on Apr 19, 2019

canderson530

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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hubes95

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Reply #2 on: Apr 19, 2019
Thanks


canderson530

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Reply #3 on: Apr 19, 2019
Welcome :)


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