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Exhibit 7-18 -In Exhibit 7-18, the Rotation from AC to AB Reflects

Question 38

Multiple Choice

Exhibit 7-18 Exhibit 7-18 -In Exhibit 7-18, the rotation from AC to AB reflects a(n) A) increase in the price of labor B) increase in the price of land C) decrease in the price of labor D) decrease in the price of land E) increase in the amount the producer can spend
-In Exhibit 7-18, the rotation from AC to AB reflects a(n)


A) increase in the price of labor
B) increase in the price of land
C) decrease in the price of labor
D) decrease in the price of land
E) increase in the amount the producer can spend

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