Use the table below to answer the following questions.
Table 3.1.1
-Refer to Table 3.1.1.Between 2010 and 2011,the price of coffee relative to the price of tea ________ while the price of coffee relative to the price of cola ________.
A) rose;rose
B) rose;fell
C) fell;rose
D) fell;fell
E) fell;stayed constant
Correct Answer:
Verified
Q1: Which market is an example of a
Q3: How many sides does a market have?
A)one
Q4: Suppose the price of a football is
Q5: The law of demand states that, other
Q7: Which market is an example of a
Q8: The relative price of a good is
Q11: William Gregg owned a mill in South
Q13: Use the table below to answer the
Q17: A market where no single buyer or
Q18: A relative price is
A)the ratio of one
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