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The Relative Price of an IPad Is

Question 61

Multiple Choice

The relative price of an iPad is


A) the actual price that a consumer pays for the iPad.
B) the actual price that the seller received for the iPad.
C) the actual price of the iPad compared with its suggested retail price.
D) the price of the iPad compared with the average price of all goods and services.
E) zero if it is a used iPad.

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