What Is the Relative Price of Wheat in North Dakota

question 71

Multiple Choice

What is the relative price of wheat in North Dakota prior to trade in Case II?

• A)2 bushels of wheat = ½ bottle of beer
• B)½ bushel of wheat = 2 bottles of beer
• C)1 bushel of wheat = ½ bottle of beer
• D)1 bushel of wheat = 2 bottles of beer