The Money Price of a Litre of Milk Is $3

question 43

Multiple Choice

The money price of a litre of milk is $3.33 and the money price of a litre of gasoline is $1.11.The relative price of a litre of gasoline in terms of milk is

• A)$2.22.
• B)1/3 litre of milk.
• C)3 litres of milk.
• D)$3.33.
• E)$1.11.