What does a relative price compare?
(1 point)
Responses
the price different sellers ask for the same good
the price different sellers ask for the same good
the price that buyers pay to the price that sellers ask
the price that buyers pay to the price that sellers ask
the price of one good or service to another
the price of one good or service to another
the price that a seller wants to pay to the price that the seller actually pays
the price that a seller wants to pay to the price that the seller actually pays
The correct answer is:
- the price of one good or service to another