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If the Ratio of Price of Cloth (PC) Divided by the Price

Question 12

Multiple Choice

If the ratio of price of cloth (PC) divided by the price of food (PF) increases in the international marketplace, then


A) world relative quantity of cloth demanded will decrease.
B) world relative quantity of cloth supplied will increase.
C) world relative quantity of cloth supplied and demanded will decrease.
D) world relative quantity of cloth supplied and demanded will increase.
E) world relative quantity of food will increase.

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