Last year, Pat and Chris occupied separate apartments. Each consumed 400 gallons of hot water monthly. This

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Last year, Pat and Chris occupied separate apartments. Each consumed 400 gallons of hot water monthly. This year, they are sharing an apartment. To their surprise, they find that they are using a total of 1,000 gallons per month between them. Why? What concept discussed in this chapter is illustrated by this example?

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Macroeconomics Principles and Applications

ISBN: 978-1133265238

5th edition

Authors: Robert e. hall, marc Lieberman

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