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17 October, 11:06

The price of apples has dropped, but Nancy does not buy any more because she has enough. To what factor of demand does this refer?

Nancy does not have the resources to purchase more apples

Nancy has reached maximum utility for apples

Apples are no longer available at the price Nancy is willing to pay

Nancy would rather eat oranges than apples

Nancy heard that apples are unhealthy

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Answers (1)
  1. 17 October, 11:11
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    Nancy has reached maximum utility for apples.
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