0
$\begingroup$

For instance, across regions of a country or between countries.

Is that different preferences for food lead to distinct relative prices in different regions or countries? Or is it the other way around: distinct relative prices lead to differences in preferences?

|improve this question
$\endgroup$
  • $\begingroup$ clearly it is both. $\endgroup$ – BB King Apr 26 '19 at 19:57
  • $\begingroup$ @BB King. Can you explain then. $\endgroup$ – StatsScared Apr 27 '19 at 5:01

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Browse other questions tagged or ask your own question.