The absolute price of a good is its
A) relative price.
B) money price.
C) subjective price.
D) projected price.

Question

Quizplus · Accepted Answer

The absolute price of a good refers to its money price, which is the amount of money required to purchase the good. The other options are not correct. Relative price refers to the price of a good in relation to the prices of other goods, subjective price refers to the value a person places on a good based on their personal preferences and circumstances, and projected price refers to a future expected price.

The Absolute Price of a Good Is Its