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When the Price of Cotton Has Risen 12 Percent,how Could

Question 93

Multiple Choice

When the price of cotton has risen 12 percent,how could the misperception effect lead cotton producers to increase their output when they otherwise would not have?


A) if input prices have risen 12 percent
B) if overall prices have risen 4 percent
C) if overall prices have risen 20 percent
D) if overall prices have risen 12 percent

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