Thursday
March 30, 2017

Post a New Question

Posted by on .

If the price of computers falls 6 percent during a period when the level of average prices falls 12 percent, the relative price of computers compared with other goods:
a) Stays the same.
b) Increases.
c) Decreases.
d) More information is required to answer this question.

  • Managerial Economics - ,

    0.94/0.88 = 1.068

    Relative to other goods, computers become 6.8% higher.

Answer This Question

First Name:
School Subject:
Answer:

Related Questions

More Related Questions

Post a New Question