Prices communicate information about the relative value of resources. Which of the following would cause the relative
Question:
a. Fungus infestation wipes out half the Idaho potato crop.
b. The price of potato chips rises.
c. Scientists find that eating potato chips makes you better looking.
d. The prices of wheat, rice, and other potato substitutes fall dramatically.
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a b and c would cause increases in the relative value and pr...View the full answer
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