The correct answer is C. The price of one good or service to another. Relative price refers to the price of one good in relation to the price of another good, which helps to understand the opportunity cost and the trade-off between different goods or services.
What does a relative price compare
A. The price different sellers asked for the same good
B. The price that buyers paid to the price that sellers ask
C. The price of one good or service to another
D. The price that a seller wants to pay to the price that the seller actually pays
C.
1 answer