Twenty years ago a stove cost $300 and a refrigerator cost $1,500. Today a stove costs $600, while a refrigerator costs $1,800. Which of the following statements is true?
a. The relative price of a stove has increased.
b. The relative price of a refrigerator has increased.
c. The relative price of stoves and refrigerators has not changed.
d. The money price of a refrigerator has fallen.
Answers: 2
Another question on Business
Business, 21.06.2019 19:30
What would be the input, conversion and output of developing a new soft drink
Answers: 3
Business, 22.06.2019 09:00
Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance
Answers: 2
Business, 22.06.2019 12:30
Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying
Answers: 1
You know the right answer?
Twenty years ago a stove cost $300 and a refrigerator cost $1,500. Today a stove costs $600, while a...
Questions
Physics, 13.05.2021 05:20
English, 13.05.2021 05:20
Mathematics, 13.05.2021 05:20
Biology, 13.05.2021 05:20
Mathematics, 13.05.2021 05:20
Mathematics, 13.05.2021 05:20
Mathematics, 13.05.2021 05:30
Biology, 13.05.2021 05:30
Mathematics, 13.05.2021 05:30
Physics, 13.05.2021 05:30
Mathematics, 13.05.2021 05:30
