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Substitution Effect Assignments | Online Homework Help

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Views of price elasticity is different for teenagers than adults. Thinking back to when you were a teenager, where you more or less price-sensitive than you are now in making gasoline consumption decisions? When you encounter an unexpected increase in gasoline prices now, what is your reaction to the changes in price? Do you apply the substitution effect of your favourite service station (Exxon, Shell, …

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