menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Macroeconomics Study Set 20
  4. Exam
    Exam 4: Prices: Free,controlled,and Relative
  5. Question
    If the Absolute Price of a New Car Is $30,000
Solved

If the Absolute Price of a New Car Is $30,000

Question 72

Question 72

Multiple Choice

If the absolute price of a new car is $30,000 and the relative price of a laptop computer in terms of cars is 1/30 of a car,it follows that the absolute price of the laptop is


A) $10,000.
B) $1,000.
C) $3,000.
D) $2,000.
E) $1,500.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Q68: In 1973 and 1979,the U.S.federal government imposed

Q69: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" ​ ​ -Refer

Q70: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Q71: A price ceiling set below the equilibrium

Q73: The number of unskilled workers employed before

Q74: Buyers always prefer lower prices to higher

Q75: What condition is necessary for a price

Q76: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Q77: 7/30/2017 4:16 PM<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt="7/30/2017 4:16

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines