3. Consider the following quote from The Wall Street Journal: A bumper crop of oranges in Florida...

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3. Consider the following quote from The Wall Street Journal: “A bumper crop of oranges in Florida last year drove down orange prices.

As juice marketers’ costs fell, they cut prices by as much as 15%. That was enough to tempt some value-oriented customers: unit volume of frozen juices actually rose about 6% during the quarter.”

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Principles Of Microeconomics

ISBN: 9781843317708

1st Edition

Authors: Libby Rittenberg, Timothy Tregarthen

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