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The suggestion that peasants in Africa have backward-bending supply curves of output ...

The suggestion that peasants in Africa have backward-bending supply curves of output implies that their response to an increase in the price of their crops will be to?
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  • A Increase their output
  • B Decrease their output
  • C Keep their output constant
  • D Hoard their output
Correct Answer: Option A
Explanation:

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