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Question
In July 2012, it cost $125 to purchase a ticket to visit the parks at Disneyland for one day. A five-day pass to the same parks cost only $290. Disneyland charges less for the additional days because of
a. the real-income effect.
b. diminishing marginal utility.
c. marginal utility.
d. the substitution effect.
e. the consumer optimum.
Answer
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Related questions
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