Asked by Shekhar
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.
a) Stays the same.
b) Increases.
c) Decreases.
d) More information is required to answer this question.
Answers
Answered by
drwls
0.94/0.88 = 1.068
Relative to other goods, computers become 6.8% higher.
Relative to other goods, computers become 6.8% higher.
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