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Suppose that the price of butter is $3 per pound and the price of margarine is $2 per pound.If the ...

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Suppose that the price of butter is $3 per pound and the price of margarine is $2 per pound.If the ...

Suppose that the price of butter is $3 per pound and the price of margarine is $2 per pound. If the price of butter rises to $3.90 and the price of margarine rises to $2.20, then the absolute price of butter has _______________ and the relative price of butter has _______________.

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risen; fallen

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fallen; risen

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risen; risen

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fallen; fallen

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Economics

Edition: 12^th

Author: Arnold

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