social studies

which is true of relative price?
A. They are prices set by buyers and sellers.
B. They describe prices in relation to each other.
C. They tell where the supply of a good meets its demand.*
D. They help avoid shortages and surpluses.

  1. 👍 0
  2. 👎 0
  3. 👁 528
  1. https://www.google.com/search?q=%22relative+price%22

    1. 👍 0
    2. 👎 1
    👩‍🏫
    Writeacher
  2. This was no help

    1. 👍 2
    2. 👎 0
  3. its b

    1. 👍 0
    2. 👎 0

Respond to this Question

First Name

Your Response

Similar Questions

  1. differentiability

    If g is a differentiable function such that g(x) is less than 0 for all real numbers x and if f prime of x equals (x2-4)*g(x), which of the following is true? A. f has a relative maximum at x=-2 and a relative minimum at x=2, B. f

  2. Calculus

    A baseball team plays in a stadium that holds 53,000 spectators. With ticket prices at $10, the average attendance had been 49,000. When ticket prices were lowered to $8, the average attendance rose to 51,000. (a) Find the demand

  3. social studies

    How do nearby businesses with similar products usually compete? a. offering deals and low prices** b. changing to different product types c. lowering the level of service to save costs d. establishing a minimum price for everyone

  4. Social Studies

    1. Why do businesses seek a equilibrium price? A)It ensures that competitors cannot offer lower prices B)It attracts the largest possible number of consumers to the business C)It provides the highest possible prices that consumers

  1. economics

    a monopolist, has a total cost curve given by TC = 5Q + 15. He sets two prices for his product, a regular price, PH, and a discount price, PD. Everyone is eligible to purchase the product at PH. To be eligible to buy at PD, it is

  2. Calculus

    True or False: Consider the following statement: A differentiable function must have a relative minimum between any two relative maxima. Think about the First Derivative Test and decide if the statement is true or false. I want to

  3. Social studies

    1. Why do businesses seek an equilibrium price? A. It ensures that competitors cannot offer lower prices B. It attracts the largest possible number of consumers to the business •• C. It provides the highest possible prices

  4. Economics

    Buyers will opt out of markets in which: A. there are significant negative externalities. B. standardized products are being produced. C. there is inadequate information about sellers and their products. D. there are only foreign

  1. Social studies

    Why do businesses seek an equilibrium price? A:it ensures that competitors cannot offer lower prices B:it attracts the largest possible number of consumers to the business C:it provides the highest possible prices that consumers

  2. Social Studies

    According to the law of demand, low prices serve mostly as a ________ for buyers. a) supply b) reward c) substitute d) penalty Is it b? In economics, what is a substitute? a) a good or service that is more expensive than the one

  3. Economics

    Suppose that the equilibrium quantity in the market for widgets has been 200 per month. Then a tax of $5 per widget is imposed on widgets. The price paid by buyers increases by $2 and the after-tax price received by sellers falls

  4. SS

    What is the main purpose of a market? a. to allow people to exchange goods and services b. to set prices for goods and services c. to help producers get human resources d.to increase competition between buyers and sellers A A

You can view more similar questions or ask a new question.