[Related to the Economics in Practice on p. 70] In the w
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[Related to the Economics in Practice on p. 70] In the winter, which is the peak season for coats, the price of coats is
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[Related to the Economics in Practice on p. 70] In the winter, which is the peak season for coats, the price of coats is typically higher than it is in the summer. In the case of strawberries, however, the reverse is true: The price of strawberries is lower in the peak season than it is in the winter season. How do we explain this seeming contradiction?
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