The price of one good divided by the price of another good is a
A) money price.
B) divisible good.
C) budget constraint.
D) relative price.

Question

Quizplus · Accepted Answer

The relative price of a good refers to how much it costs in terms of another good, essentially comparing the price of one good to another. This concept is crucial in economics for understanding consumer choice and the allocation of resources.

The Price of One Good Divided by the Price of Another