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The Money Price of a Litre of Milk Is $3

Question 110

Multiple Choice

The money price of a litre of milk is $3.33 and the money price of a litre of gasoline is $1.11.The relative price of a litre of gasoline in terms of milk is


A) $2.22.
B) $1.11.
C) 3 litres of milk.
D) 1/3 litre of milk.
E) $3.33.

Correct Answer:

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