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September 3, 2014

Homework Help: Managerial Economics

Posted by Shekhar on Monday, October 1, 2007 at 9:03am.

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.

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