The price of one good divided by the price of another good is called a
A) ceteris paribus price.
B) absolute price.
C) marginal price.
D) relative price.
E) money price.
Correct Answer:
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Q5: Economists say there has been a change
Q6: A left ward shift in the supply
Q8: A demand curve is
A)a numerical table showing
Q9: Which of the following would cause a
Q11: A fall in the price of raw
Q12: A decrease in supply
A)has the same meaning
Q13: If goods X and Y are complements
Q14: If the legal beer- drinking age is
Q15: If a demand curve and a supply
Q46: Suppose the demand curves for goods A,B,and
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