Multiple Choice
The relative price of a good
A) is always measured in current dollars.
B) is a measure of the relative share of the consumer's income devoted to its purchase.
C) is its price in terms of money.
D) is equal to the average price of the good over the last 5 years.
E) reflects its price in terms of units of other goods.
Correct Answer:
Verified
Correct Answer:
Verified
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