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the study of consumer choice and its fundamental underpinnings in preferences and constraints.

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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 aroun …
asked Apr 26 by StatsScared
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...when Engels Law, backed by a good amount empirical evidence, demonstrates that overall consumer preferences are not homothetic. See for example, Jorgenson (1997)
asked Feb 11 '16 by StatsScared