Grace is considering the purchase of a dress with a price tag of $45.00. This is a _____ price.
A) real
B) marginal
C) artificial
D) nominal

Name: Grace is considering the purchase of a dress with a price tag of $45.00. This is a _____ price. A) real B) marginal C) artificial D) nominal
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The price tag of $45.00 is a nominal price because it represents the current price of the dress without adjusting for inflation or any other factors. Nominal prices are the actual prices you see on price tags or bills.

Grace Is Considering the Purchase of a Dress with a Price