Real income effects with mobile labor and fixed capital (graphical version)

Effects of changing relative prices on real returns to labor and capital. Assuming that capital is sector-specific but labor can move between industries. (Sometimes known as "short run" model.)

[@milklee5694]

this video very easy to understanding ,Thank you! I'm very clear and can explain better.

[@natalielame7630]

Thank you so much! Very clear and informative.

[@lowersaxon]

Mistake made .