Arnold Van would like to buy some 'sala' set for his new house and Aaron, another consumer would also like to get one. The nearby department store sells a sala set for P35,500 and a local market reseller sells the same sala set for P 30,000 only. Arnold Van bought from the department store and Aaron from the local market. Can you propose reasons how these two people made different decisions?
Arnold Van would like to buy some 'sala' set for his new house and Aaron, another consumer would also like to get one. The nearby department store sells a sala set for P35,500 and a local market reseller sells the same sala set for P 30,000 only. Arnold Van bought from the department store and Aaron from the local market. Can you propose reasons how these two people made different decisions?
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Arnold Van would like to buy some 'sala' set for his new house and Aaron,
another consumer would also like to get one. The nearby department store sells a
sala set for P35,500 and a local market reseller sells the same sala set for P
30,000 only. Arnold Van bought from the department store and Aaron from the
local market. Can you propose reasons how these two people made different
decisions?
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