The money price of a good is also known as its
A)relative price.
B)case price.
C)absolute price.
D)subjective price.

Question

Quizplus · Accepted Answer

The money price of a good is also known as its absolute price, as it is the exact amount of money required to purchase a particular good or service. Relative price is the comparison of the price of one item to another, while subjective price refers to the personal value or worth an individual places on a good or service. Case price is not a commonly used term in economics.

The Money Price of a Good Is Also Known as Its