Changes in relative prices may occur in a period of
A)Stable prices only.
B)Inflation only.
C)Deflation only.
D)Stable prices,inflation,or deflation.

Question

Quizplus · Accepted Answer

Changes in relative prices can occur in any economic environment, whether it is stable prices, inflation, or deflation. Relative prices refer to the value of one good or service compared to another, and they can be influenced by a variety of factors such as changes in supply and demand or shifts in consumer preferences. Therefore, changes in relative prices are not restricted to a particular economic condition.

Changes in Relative Prices May Occur in a Period of