Solved

Suppose the Price of Wheat Has Fallen from $3 to $2

Question 3

Multiple Choice

Suppose the price of wheat has fallen from $3 to $2 per bushel and that the price of newsprint has fallen from $200 to $100 per tonne.The relative price of wheat in terms of newsprint


A) has fallen.
B) has risen.
C) remained constant.
D) cannot be determined from the above data.
E) is completely unrelated.

Correct Answer:

verifed

Verified

Related Questions