Discuss your (or your family's) spending behavior then and now use the slutsky equation to explain your spending behavior if you or your family no longer purchase this product, discuss why be sure to include in your discussion the price changes (increase or decrease, using specific values if available), how you or your family responded to these changes, and whether this product is more price elastic or price inelastic in the long run (compared to the short run)

Answer rating: 100% (QA)

Ans During the recexioo period when price of all the goods were down then my family would purchase t... View the full answer