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If Wheat Prices Fell by 2 Percent When Producers Thought

Question 84

Multiple Choice

If wheat prices fell by 2 percent when producers thought other prices were falling by 5 percent,what would be the effect on wheat output?


A) We could not predict the likely change in wheat output that would result.
B) It would tend to rise as a result.
C) It would tend to remain unchanged as a result.
D) It would tend to fall as a result.

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