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There Are Two Goods in the Economy,apples and Bread

Question 17

Multiple Choice

There are two goods in the economy,apples and bread.The relative price of apples has increased.This could be due to


A) an increase in the absolute price of apples,ceteris paribus.
B) a decrease in the absolute price of bread,ceteris paribus.
C) a decrease in the absolute price of apples,ceteris paribus.
D) an increase in the absolute price of bread,ceteris paribus.
E) a and b

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