How many prices would there be in a barter economy with 100 goods?
A) 100
B) 1,000
C) 4,950
D) 10,000

Name: How many prices would there be in a barter economy with 100 goods? A) 100 B) 1,000 C) 4,950 D) 10,000
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Question

Quizplus · Accepted Answer

In a barter economy, the number of prices for n goods is determined by the formula n(n-1)/2, because each good can be exchanged for every other good. For 100 goods, this results in 100(99)/2 = 4,950 prices.

How Many Prices Would There Be in a Barter Economy