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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) the country would import more cloth.
B) the food exporter will increase the quantity of food exported.
C) the cloth exporter will increase the quantity of cloth produced.
D) the cloth exporter will increase the quantity of cloth exported.
E) the cloth exporter will decrease the quantity of cloth exported.

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