When economists analyze how individuals make choices, they divide the decision process into two steps. Define these two steps and label the resultant model.

Name: When economists analyze how individuals make choices, they divide the decision process into two steps. Define these two steps and label the resultant model.
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The Answer of When economists analyze how individuals make choices, they divide the decision process into two steps. Define these two steps and label the resultant model.

When Economists Analyze How Individuals Make Choices, They Divide the Decision