In the specific-factors model an increase in the price of, Ask an Expert

Economics

In the specific-factors model, an increase in the price of the manufactured good will cause:

a. an increase in the wage in the manufacturing sector.

b. capital to move from the agricultural to the manufacturing sector.

c. land to move from the manufacturing to the agricultural sector.

d. a decrease in the wage in the agricultural sector.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91271780

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