The Money Price of a Good Is Also Known as Its

question 144

Multiple Choice

The money price of a good is also known as its

• A)absolute price.
• B)subjective price.
• C)relative price.
• D)case price.

---

Definitions:

Indifference Schedule

A table or graph that shows a combination of two goods that give a consumer equal satisfaction and utility, illustrating consumer preferences.

Units of X

A term often used in economics to denote a quantity of a particular good or service being considered.

Data

Information, especially facts or numbers, collected to be examined and considered and used to help decision-making.