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Discuss how consumer choice may affect the use of cotton from a cotton farm. If there is a high demand for t-shirts, more cotton MAY
Discuss how consumer choice may affect the use of cotton from a cotton farm. If there is a high demand for t-shirts, more cotton MAY be directed toward that industry; however, what happens if the demand for cotton sheets increases and demand for t-shirts decreases? What if demand for t-shirts and sheets was similar? From a microeconomics perspective: What might factor into how the cotton would be used?
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