1.4 After a major freeze destroyed many Californian crops, the price of celery increased several hundred percent....

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1.4 After a major freeze destroyed many Californian crops, the price of celery increased several hundred percent. What can you conclude about the shape of its supply curve? The price increase was more moderate for avocados because they can be imported from other countries. Use a graph to explain why the ability to import avocados moderated the price increase

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Microeconomics

ISBN: 9780133456912

7th Edition

Authors: Jeffrey M. Perloff

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