Exhibit 7-20 -In Exhibit 7-20, the Movement from AB to CD Might

Multiple Choice

Exhibit 7-20
-In Exhibit 7-20, the movement from AB to CD might reflect a(n)

A) increase in the prices of both labor and land
B) decrease in the prices of both labor and land
C) increase in the price of labor and a decrease in the price of land
D) decrease in the price of labor and an increase in the price of land
E) increase in the amount the producer can spend