Multiple Choice
Suppose there are only two goods: guns and roses.In Los Angeles,the absolute price of roses is 50 dollars per dozen.If the relative price of roses in terms of guns is 1 guns per dozen roses,then the absolute price of guns is
A) 5 dollars per gun.
B) 2 cents per gun.
C) 50 dollars per gun.
D) 50 cents per gun.
Correct Answer:
Verified
Correct Answer:
Verified
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