Example for people face trade offs
I went to buy shoes,the shopkeeper showed me three brands Nike, Adidas, Puma. Each shoes of different brand had its own features, quality and the price were not different so I was confused which one to buy,but ultimately I thought Puma shoes were good and I bought them. Relating to this incident I can say that people face trade offs when they go to buy something and they have different options but they choose to buy products which fulfill their needs and wants.
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