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Question

An increase in the price of mutton provides information which:


A

Tells consumers to buy more mutton

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B

Tells consumers to buy more chicken

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C

Tells producers to produce more mutton

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D

Provides no information

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Solution

The correct option is C

Tells producers to produce more mutton


An increase in the price of mutton provides information which tells producers to produce more mutton to fetch high prices.


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