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If the Relative Price of Pizza in Terms of Movies

Question 32

Multiple Choice

If the relative price of pizza in terms of movies is 3, this means that


A) the opportunity cost of a pizza is 3 movies.
B) 3 pizzas can be traded for 9 movies.
C) in terms of the dollars that must be spent to buy the product, pizza is more expensive than movies.
D) All of the above answers are correct.

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