The relative price of a good is
A: an opportunity cost.
B: equal to the money price of a good.
C: equal to the price of that good divided by the quantity demanded of the good.
D: what you get paid for babysitting your cousin.
A: an opportunity cost.
B: equal to the money price of a good.
C: equal to the price of that good divided by the quantity demanded of the good.
D: what you get paid for babysitting your cousin.
举一反三
- If a 15% increase in price for a good results in a 20% decrease in quantity demanded, the price elasticity of demand is
- The law of supply states that, other things equal, when the price of a good A: A、 falls, the supply of the good rises. B: B、 rises, the quantity supplied of the good rises. C: C、 rises, the supply of the good falls. D: D、 falls, the quantity supplied of the good rises.
- 中国大学MOOC: When the price of a good increases, all else equal, the higher price
- Whether a good is a luxury or necessity depends on the A: price of the good. B: preferences of the buyer. C: intrinsic properties of the good. D: scarcity of the good.
- Equal opportunity means an equal chance for good education and a good job.