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Suppose the market for pineapples is price-taking.An extreme weather event that destroys half of the industry output will increase the industry-wide revenue if: a. the

Suppose the market for pineapples is price-taking.An extreme weather event that destroys half of the industry output will increase the industry-wide revenue if:

a. the demand for pineapples is inelastic.

b. the demand for pineapples is elastic.

c. None of the above -- there is insufficient information to determine.

d. None of the above -- a poor harvest cannot improve the industry revenue.

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