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If Input Prices Rose and Production Technology Improved at the Same

Question 156

Multiple Choice

If input prices rose and production technology improved at the same time, as a result: larger quantities to be exchanged.


A) ​prices would rise.
B) ​prices would fall.
C) ​larger quantities to be exchanged.
D) ​we would not know which direction either prices or quantities exchanged would be altered without more information.

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