Which of the following describes what happens when the price of a Big Mac doubles, while the price of a Whopper increases by one-third?
A) The relative price of a Whopper falls.
B) The relative price of a Big Mac falls.
C) The nominal prices of Big Macs and Whoppers rise, but their relative prices remain the same.
D) The relative price of a Whopper rises.
Correct Answer:
Verified
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