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(Wall Street Journal) In this chapter, you learned that the cost of consumption involves both a money price and a time price.Turn to the Wednesday Wall Street Journal and find the "Work and Family" column. See if you can find some examples of changes in new goods, services, govern- ment policies, or institutional arrangements that work by reducing the time price of a product. How do you think that change will affect the demand for the product? Will demand for any related products be affected?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M91719731

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