An Increase in the Relative Price of a Good Cannot

question 438

Multiple Choice

An increase in the relative price of a good cannot be caused by

• A) an increase in the nominal price of the good that is greater than the increase in the nominal price of the other good.
• B) a decrease in the nominal price of the good that is less than the decrease in the nominal price of the other good.
• C) a decrease in the nominal price of the other good while the price of the good itself remains constant.
• D) an increase in the nominal price of the other good while the price of the good itself remains constant.

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Definitions:

Reconciliation Phase

A period in a relationship where parties work towards resolving differences and restoring harmony after conflict or separation.

Economic Hardship

Financial difficulties experienced by individuals or families that make it hard to meet basic needs such as food, shelter, and healthcare.

Homelessness

The condition of lacking a stable, permanent, and adequate place to live.

Child Support

Financial contributions legally required from a non-custodial parent to support their child or children's upbringing and welfare.