Consumer behavior theory helps firms understand

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    how changes in consumer income and price affect demand for goods and services.
     the maximum price consumers will pay for the goods or services the firm sells.
     how consumers allocate their time between work and consumption activities.
     how consumers always make rational purchasing decisions in three distinct steps.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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how changes in consumer income and price affect demand for goods and services.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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