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NegativePanda NegativePanda
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6 years ago
Jane has noticed that she used to pay $2.75 for a hamburger and now she pays $3.0. Which of the following statements is TRUE?
A) The relative price of hamburgers has increased compared to hotdogs.
B) The money price of hamburgers has increased.
C) The law of supply explains why the price of hamburgers has increased.
D) Jane will stop consuming hamburgers.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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alpheratzalpheratz
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6 years ago
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NegativePanda Author
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#2
6 years ago
Tremendous help, I just double-checked it with my friend Smiling Face with Open Mouth
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