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As resources move from low-valued uses in a resource market to highly-valued uses in another resource market, the price paid to the resource in the highly-valued market will tend to

a. not be affected.

b. increase, but only if the change is temporary.

c. decrease.

d. increase, but only if the change is permanent

Macroeconomics, Economics

  • Category:- Macroeconomics
  • Reference No.:- M91764425
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