Which One of the Following Statements Is FALSE

Multiple Choice

Which one of the following statements is FALSE?

A) Generally, what matters most to consumers is what a good costs in dollars.
B) The relative price of a good is its price measured relative to the price of other goods.
C) The nominal price of a good is its price measured in current dollars.
D) When the price of beer goes up by the same proportion as the prices of all other goods, the relative price of beer does not change.