FIGURE 13- 4 the Three Diagrams Below Each Show a Supply

question 111

Multiple Choice

FIGURE 13- 4 The three diagrams below each show a supply curve for oil tankers over a relatively short period of time.

-All of the following are examples of equilibrium factor- price differentials,EXCEPT

• A)higher pay to a dentist than to a dental hygienist.
• B)the difference in average wages in Toronto and Dryden,Ontario.
• C)the prices of two pieces of land,one with a good supply of water and one without.
• D)the wages earned by labour of varying ability.
• E)an income differential that induces increased rates of entry into the higher paid professions.

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