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    Principles of Economics Study Set 8
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    Exam 24: Measuring the Cost of Living
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    When a New Good Is Introduced, Consumers Have More Variety
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When a New Good Is Introduced, Consumers Have More Variety

Question 187

Question 187

True/False

When a new good is introduced, consumers have more variety from which to choose, and this in turn increases the cost of maintaining the same level of economic well-being.

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