A Relative Price Is

question 100

Multiple Choice

A relative price is

• A) the rate of inflation.
• B) a measure of overall prices at a particular point in time.
• C) the percentage change in a price index such as the consumer price index.
• D) the price of a specific good in comparison to the prices of other goods and services.
• E) the aggregate change in prices over a year.

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Definitions:

Speech

The expression of thoughts and feelings by articulate sounds.

Condense

To reduce something, such as a text or statement, to a shorter form while retaining most of the essential content.

Data

Facts and statistics collected together for reference or analysis.

Paraphrase

To express the meaning of something using different words, especially to achieve greater clarity.