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  3. Study Set
    Macroeconomics Study Set 40
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    Exam 3: Demand and Supply
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    Joe Pays $8,000
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Joe Pays $8,000

Question 512

Question 512

Multiple Choice

Joe pays $8,000.00 in tuition. The 8,000 dollar tuition Joe pays is an example of what economists call


A) a money price.
B) an opportunity price.
C) a relative price.
D) an indexed price.

Correct Answer:

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