The Relative Price of a Good Is

question 26

Multiple Choice

The relative price of a good is

• A) an opportunity cost.
• B) equal to the money price of a good.
• C) equal to the price of that good divided by the quantity demanded of the good.
• D) what you get paid for babysitting your cousin.

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Definitions:

Real

Pertaining to something genuine, authentic, or having physical existence as opposed to being imaginary.

Trespass to Land

A tort law term referring to the unlawful entry onto land by a person without the permission of the owner or legal authority.

Intent to Harm

A mental state in which a person aims to cause injury or adverse effects to another individual.

Defamation

The act of communicating false statements about a person that injure their reputation.