Someone says, The price of good X has risen, so good X is more expensive than it

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Someone says, “The price of good X has risen, so good X is more expensive than it used to be.” In what sense is this statement correct? In what sense is this statement either incorrect or misleading?

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Microeconomics

ISBN: 9781337617406

13th Edition

Authors: Roger A Arnold

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Question Posted: Apr 05, 2024 05:00 AM

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Someone says, The price of good X has risen, so good X is more expensive than it

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The statement is correct in the sense that good X has a higher mon...View the full answer

Microeconomics

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