Describe an economic model you know. What assumptions does the model make? Are the assumptions reasonable?

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:05 AM

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Describe an economic model you know. What assumptions does the model make? Are the assumptions reasonable?

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In predicting that price increases will cause consumers to purchase less of a good the model of dem...View the full answer

Microeconomics

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