Recall the priest who traded the cigarettes for cheese and


Recall the priest who traded the cigarettes for cheese, and cheese for cigarettes, so that he ended up with more cigarettes than he had initially. Did someone else in the camp lose by the priest's activities? How was the priest able to end up better off than when he began? What did his activities do to the price of cheese in the different bungalows?

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Microeconomics: Recall the priest who traded the cigarettes for cheese and
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