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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 16
New York City has an ordinance requiring retailers to post prices for items they sell. When the Department of Consumer Affairs began to enforce the ordinance against art galleries, many gallery owners protested vehemently. Why?
Explanation
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Elasticity of demand can be well-defined...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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