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The Relative Price of a Good Is

Question 90

Multiple Choice

The relative price of a good is


A) the ratio of the price of a good to the income of the purchaser.
B) the ratio of one price to another and an opportunity cost.
C) the cost of its factors of production.
D) the same as the money price of a good.
E) a household's income divided by the number of goods purchased.

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