A relative price is all of the following except
A) the ratio of one price to another.
B) an opportunity cost.
C) a quantity of a "basket" of goods and services forgone.
D) determined by demand and supply.
E) the lowest possible price available.
Correct Answer:
Verified
Q1: Which market is an example of a
Q2: Use the table below to answer the
Q3: How many sides does a market have?
A)one
Q4: Suppose the price of a football is
Q4: Which one of the following events shifts
Q5: The law of demand states that, other
Q6: In April 2014, the money price of
Q7: Which market is an example of a
Q8: The relative price of a good is
Q9: Use the table below to answer the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents