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

question 110

Multiple Choice

(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? (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


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