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Jane Has Noticed That She Used to Pay $2

Question 403

Multiple Choice

Jane has noticed that she used to pay $2.75 for a hamburger and now she pays $3.0. Which of the following statements is TRUE?


A) The relative price of hamburgers has increased compared to hotdogs.
B) The money price of hamburgers has increased.
C) The law of supply explains why the price of hamburgers has increased.
D) Jane will stop consuming hamburgers.

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