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When an Unusually Bad Frost Reduces the Apple Crop in Washington

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When an unusually bad frost reduces the apple crop in Washington state, the price of canned apple juice may rise immediately in supermarkets, even though the juice on the shelves was made from last year's plentiful crop. The invisible hand theory tells us that the profit-seeking merchants who raise their prices in such situations


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The transitional stage of physical and psychological development that occurs between childhood and adulthood, typically between the ages of 13 and 19.

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