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Suppose That the Price of Bananas Has Been Rising While

Question 168

Essay

Suppose that the price of bananas has been rising while the amount sold has been falling.Which of the following is the best explanation?
(A)Consumer preferences have shifted in favor of bananas because they are healthful.
(B)Consumer incomes have risen faster than inflation.
(C)Bad weather has reduced some banana crops.

Correct Answer:

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The best explanation is (C)because a red...

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