Why is an increase in number of varieties of a good, Ask an Expert

Economics

Q. Why is an increase in number of varieties of a good regarded as a gain from trade? Can you think of economic disadvantages associated with greater product variety? Please explain in detail.

Q. If consumption increases by $12 billion when real disposable income increases by $15 billion, illustrate what is value of MPC?

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Business Economics, Economics

Category:- Business Economics
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