If the price of a candy bar is $1 and the price of a fast food meal is $5,A) the money price of a fast food meal is 1/5 of a candy bar.B) the money price of a candy bar is 1/5 of a fast food meal.C) the relative price of a fast food meal is 5 candy bars.D) the relative price of a candy bar is 5 fast food meals

If the price of a candy bar is $1 and the price of a fast food meal is $5,A) the money price of a fast food meal is 1/5 of a candy bar.B) the money price of a candy bar is 1/5 of a fast food meal.C) the relative price of a fast food meal is 5 candy bars.D) the relative price of a candy bar is 5 fast food meals

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter4: Prices: Free, Controlled, And Relative

Section: Chapter Questions

Problem 11QP

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