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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Definitions:

Developing Fetus

A prenatal human between the embryonic state and birth, during which period all major organs and structures begin to develop.

Placenta

An organ that develops in the uterus during pregnancy to provide oxygen and nutrients to the growing baby, while removing waste products from the baby's blood.

Sperm Cells

Male reproductive cells that contain genetic material and are capable of fertilizing a female's egg to create a zygote.

Egg Cells

The female reproductive cell or gamete, involved in sexual reproduction and known as an ovum.