18. Prices communicate information about the relative value of resources. Which of the following would cause the

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18. Prices communicate information about the relative value of resources. Which of the following would cause the relative value and, hence, the price of potatoes to rise?

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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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 28, 2024 11:01 AM

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18. Prices communicate information about the relative value of resources. Which of the following would cause the

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Exploring Macroeconomics

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