The following graph shows wages relative to the cost of capital in England and France from 1580 to 1830. Based on this information, which of the following statements is correct? Question 3 options: On a graph with the number of workers on the horizontal axis and the amount of capital on the vertical axis, the graph for England represents a steepening of the isocost lines. The rise in relative wage level in England would have encouraged innovations in more labour-intensive technologies. The rise in the relative wage level in England is solely attributed to the rise in the absolute wage level