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Suppose That the Price of Butter Is $3 Per Pound

question 92

Multiple Choice

Suppose that the price of butter is $3 per pound and the price of margarine is $2 per pound.If the price of butter rises to $3.90 and the price of margarine rises to $2.20,then the absolute price of butter has _______________ and the relative price of butter has _______________.


Definitions:

Tertiary

Pertaining to the third level or stage in a series, often used to describe the third level of education, which follows secondary education.

Primary Prevention

Strategies and actions taken to prevent the occurrence of diseases, injuries, or health conditions before they happen.

Abused Children

Minors who have experienced physical, emotional, sexual, or neglectful harm by a caregiver or another person.

Hostile

Showing or feeling opposition or dislike; unfriendly or adversarial in behavior or attitude.

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