When the price of cotton has risen 12 percent, the misperception effect could lead cotton producers to increase their output when they otherwise would not, if overall prices:
A)have been stable.
B)have risen 4 percent.
C)have risen 20 percent.
D)in none of the above situations.

Question

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The Answer of When the price of cotton has risen 12 percent, the misperception effect could lead cotton producers to increase their output when they otherwise would not, if overall prices:
A)have been stable.
B)have risen 4 percent.
C)have risen 20 percent.
D)in none of the above situations.

When the Price of Cotton Has Risen 12 Percent, the Misperception