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In Mexico, what three commonly used types of goods have experienced price reductions?

a. Agricultural, Technological, Textiles
b. Food, Electronics, Furniture
c. Energy, Healthcare, Education
d. Not provided

User Just Mike
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2 Answers

5 votes

Answer:

The key constraints that prevent consumers from maximising their utility are limited income, given sets of prices, budget constraints, and limited time.

User Maxum
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Final answer:

In Mexico, textiles and transportation goods have seen price reductions due to advancements in manufacturing and competition in the market.

Step-by-step explanation:

In Mexico, the three types of goods that have experienced price reductions are textiles, including clothing and housewares like sheets and curtains, and transportation, specifically new vehicles, airline fares, and gasoline. This is due to manufacturing advancements and semi-skilled labor, which have dramatically decreased the price of textiles. Furthermore, department stores now carry large selections that many people can afford, and fashion changes often lead to voluntary replacement of clothing. In terms of transportation, the burgeoning automotive industry, along with competitive airline pricing strategies, has led to more accessible costs for consumers. In particular, the price of new vehicles has benefited from increased efficiency in production and market competition. Airline fares have also seen reductions, thanks to better management of fuel costs and improvements in airline operations.

The agricultural output, although not included in the options provided, is vital to the Mexican economy, particularly in the export of products like coffee, cotton, and sugarcane. However, it is not specified as having experienced price reductions in the context of this question. Moreover, while the price of energy can fluctuate, there is an emphasis on the falling prices of solar energy, which should be noted as a general trend rather than a strictly Mexican phenomenon.

User Caconde
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