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In a pure exchange economy if the price of good x goes up, all consumers are worse off. O True O False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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In a pure exchange economy if the price of good x goes up, all consumers are worse off.
True
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