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The difference between the risks involved in rash driving and overeating. Also, the risks involved in smoking and drinking alcohol.
Concept introduction:
The willingness of a consumer to buy a commodity or a service backed with his
Supply:
A particular amount of product available in the market at a particular price is known as supply.
Explanation:
The change in the driving behavior and the change in the eating behavior in an adverse way is different from each other. However, both would ultimately lead to the same consequence, that is damage to one’s own self.
The change in driving habits can cause instant loss to a person, as an accident can even kill a person. But on the other side, any change in eating habits would degrade a person’s health slowly and gradually.
In the same way, smoking and excessive alcoholic drinking would not affect a person’s health instantly, but it would degrade the person’s health slowly and gradually.
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Chapter 7 Solutions
Pearson eText for Economics of Public Issues -- Instant Access (Pearson+)
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