Saturday, January 26, 2008

Unit 2: Allocative efficiency and the retail market

The Telegraph reports changes in the way we buy our shoes

http://www.telegraph.co.uk/money/main.jhtml;jsessionid=MK3YG3WDIVW4ZQFIQMGSFFOAVCBQWIV0?xml=/money/2008/01/26/cnshoes126.xml

a) Allocative efficiency means resources....................Complete the sentence
b) How does what is happening in the shoe market illustrate this concept?

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