(Table: Sales and Payments) Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural good. Wages in both sectors rise by 10%. What is the new value of the rental on land?
A) $550
B) $500
C) $450
D) $400

Question

(Table: Sales and Payments) Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural good. Wages in both sectors rise by 10%. What is the new value of the rental on land? 
A) $550 
B) $500 
C) $450 
D) $400

Quizplus · Accepted Answer

The Answer of (Table: Sales and Payments) Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural good. Wages in both sectors rise by 10%. What is the new value of the rental on land? 
A) $550 
B) $500 
C) $450 
D) $400

(Table: Sales and Payments) Suppose That the Price of the Manufactured