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Pastimes : Austrian Economics, a lens on everyday reality
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To: Wildstar who wrote (123)9/17/2002 4:35:18 AM
From: Don Lloyd   of 445
 
Wildstar,

Excellent point. I never thought about it that way. In your example, a lower market "value" (price) of oranges, increased the subjective value of the oranges for the consumer.

Just to be clear, the increased subjective value is really for the combination of the orange and the extra retained cash not required for its purchase,

Regards, Don
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