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Consumer Choice and Demand: Higher Price, Less Consumption

Consumer Choice and Demand: Higher Price, Less Consumption. Randy Rucker Professor Department of Agricultural Economics and Economics June 19, 2013. How Much of a Commodity will Consumers Purchase?. Depends On: Tastes and preferences Some people like pink shirts, some like black ones.

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Economics june - PowerPoint PPT Presentation

Consumer Choice and Demand: Higher Price, Less Consumption