Multiple Choice
Suppose there are only two goods: bread and wine.In Mexico,the absolute price of wine is 30 pesos per bottle.If the relative price of wine in terms of bread is 5 loaves per bottle,then the absolute price of bread is
A) 5 pesos per loaf.
B) 6 pesos per loaf.
C) 25 pesos per loaf.
D) 150 pesos per loaf.
Correct Answer:
Verified
Correct Answer:
Verified
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