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If Wheat Prices Rose by 12 Percent When Producers Thought

Question 84

Multiple Choice

If wheat prices rose by 12 percent when producers thought other prices were rising by 15 percent,


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

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