The price of a film camera is $150 and the price of a similar digital camera is $300. What is the relative price of the digital camera?
A) $150 more expensive than the film camera
B) 2 film cameras
C) 1/2 of a film camera
D) $150
Correct Answer:
Verified
Q12: A relative price is the
A) difference between
Q13: A relative price is
A) also called the
Q14: If the price of a hot dog
Q15: The money price of a pizza is
Q16: The relative price of a good is
A)
Q18: The price of a DVD rental is
Q19: The opportunity cost of a good is
Q20: The opportunity cost of a hot dog
Q21: The law of demand states that
A) a
Q22: Demands differ from wants because
A) wants require
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents