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.

---

Definitions:

Emerging Adulthood

a phase of the life span between adolescence and full-fledged adulthood, characterized by exploration and uncertainty.

Static Personality

A concept suggesting that an individual's personality traits remain consistent and unchanged over time.

Intimacy Versus Isolation

A stage in Erik Erikson's psychosocial development theory where adults face the challenge of forming close relationships with others versus experiencing loneliness and isolation.

Erik Erikson

was a developmental psychologist known for his theory on the psychological development of humans, emphasizing the impact of societal interactions across eight stages of life.