Question
In the specific factors model, a 0% increase in the price of food accompanied by a 5% decrease in the price of cloth will cause
In the specific factors model, a 0% increase in the price of food accompanied by a 5% decrease in the price of cloth will cause wages to blank the production of cloth to blank , and the production of food to blank .
Drag the correct words into the blank areas to complete the sentence.
remainconstant / decreasebylessthan5% / decreaseby5%
increase / decrease
decrease / increase
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Economics
Authors: Roger A. Arnold
12th edition
978-1305758674, 1305758676, 978-1285738321
