Question
Which of the statement is FALSE? A. An increase in the relative price of good X will increase the real price of the factor that
Which of the statement is FALSE?
A. An increase in the relative price of good X will increase the real price of the factor that is used intensively in the production of good X
B. A decrease in the relative price of good X will decrease the marginal productivity of the factor that is used scarcely in the production of good X
C. A decrease in the relative price of good X will increase the marginal productivity of the factor that is used intensively in the production of good X
D. A decrease in the relative price of good X will increase the inverse of the relative price factor price that is used in the production of good X
This question has more than one (1) answer.
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