Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call

Name: Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call
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Economists refer to the money amount that is paid for goods or services as the money price. In this case, Joe is paying $8,000.00 for tuition, which is a money price.

Joe Pays $8,000