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

1 answer

A relative price compares the price of one good or service to another.

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