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Discuss the Correct and Incorrect Economic Analysis in the Following

Question 129

Essay

Discuss the correct and incorrect economic analysis in the following statement.
"If good weather in Hawaii creates a bumper crop of pineapples, the supply of pineapples will increase.This will result in a price decrease, which will then cause the supply of pineapples to decrease."

Correct Answer:

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The supply of pineapples will ...

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