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The Saying "The Lower the Price, the Better" May Not

Question 117

Multiple Choice

The saying "the lower the price, the better" may not always be correct for an economy's public interest because


A) people should have to pay for what they want.
B) people will overuse something they perceive as being cheaper than the utility they receive for it.
C) the government can no longer afford to provide all the goods and services it provides because it is slowly going broke.
D) cheaper prices will make people buy less of other things.

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