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When demand for oranges increases, Question 5 options: the price will go up which gives farmers an incentive to grow more oranges. the price will
When demand for oranges increases, Question 5 options: the price will go up which gives farmers an incentive to grow more oranges. the price will go down and limit production of oranges. the price will go up which will cause market failure. the price will go up which means those who most desire oranges won't get them
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
