Which is true of relative prices? Choose one answer.

A.
They are prices set by buyers and sellers.

B.
They describe prices in relation to each other.

C.
They tell where the supply of a good meets its demand.

D.
They help avoid shortages and surpluses.

1 answer

B. They describe prices in relation to each other.
Similar Questions
    1. answers icon 1 answer
  1. Which is true of relative prices?(1 point) Responses They are prices set by buyers and sellers. They are prices set by buyers
    1. answers icon 1 answer
  2. which is true of relative price?A. They are prices set by buyers and sellers. B. They describe prices in relation to each other.
    1. answers icon 4 answers
  3. 2 of 32 of 3 ItemsQuestion What is a reason that market prices are not always the same as equilibrium prices? select one (2
    1. answers icon 1 answer
more similar questions