The price of one product in terms of another commodity is called its
A) relative price.
B) money price.
C) financial price.
D) converse price.

Question

Quizplus · Accepted Answer

The term "relative price" specifically refers to the price of one product in relation to another commodity, making it the best choice for this question. "Money price" refers to the price in terms of a currency, which may not necessarily involve another commodity. "Financial price" is a vague term that could refer to various types of prices within the financial market, and "converse price" is not a commonly used term in economics.

The Price of One Product in Terms of Another Commodity