Which Statement Is Correct

Multiple Choice

Which statement is correct?

A) It is much easier to judge whether the absolute level of stock prices is correct rather than whether their relative levels are correct.
B) It is much easier to judge whether relative stock prices are correct than to judge whether their absolute level is correct.
C) Most tests of market efficiency are concerned with the absolute level of stock prices.
D) If relative prices are correct, then absolute prices must be correct also.