A relative price is
A) the number of dollars that must be given up in exchange for the good.
B) also called the money price.
C) the ratio of one price to another price.
D) not an opportunity cost.
Correct Answer:
Verified
Q20: Q21: Which of the following raises the price Q22: Which of the following raises the equilibrium Q23: Bicycles are made out of steel. If Q24: Every spring, motorists do more driving than Q26: Demands differ from wants because Q27: The price of cereal rises. As a Q28: If the quantity of textbooks supplied is Q29: An increase in the price of jet Q30: The "law of demand" implies that demand
A)wants require a
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