In the Specific Factors Model,a 5% Increase in the Price

Multiple Choice

In the specific factors model,a 5% increase in the price of food accompanied by a 5% increase in the price of cloth will cause in the welfare of labor,in the welfare of the fixed factor in the production of food,and in the welfare of the fixed factor in the production of cloth.

A) an increase; a decrease; a decrease
B) no change; no change; no change
C) a decrease; an increase; an increase
D) an increase; an increase; an increase
E) a decrease; a decrease; a decrease