There Are Two Goods in the Economy,apples and Bread

question 17

Multiple Choice

There are two goods in the economy,apples and bread.The relative price of apples has increased.This could be due to

• A) an increase in the absolute price of apples,ceteris paribus.
• B) a decrease in the absolute price of bread,ceteris paribus.
• C) a decrease in the absolute price of apples,ceteris paribus.
• D) an increase in the absolute price of bread,ceteris paribus.
• E) a and b

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Definitions:

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The natural aptitudes and skills possessed by an individual, often utilized in various professional and creative fields.

Improvisation Guidelines

A set of principles or rules designed to aid in the spontaneous and creative process of improvisation, often used in theater, music, and problem solving.

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