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A competitive market is a market that has __ so __ can influence the price. A. one buyer and many sellers; no seller B. many buyers and one seller; no buyer C. many buyers and sellers; both buyers and sellers D. many buyers and sellers; no single buyer or seller Which of the following is an example of money price? A. Megan earns 15 an hour at her job B. Joe paid 15 to buy a pizza box from McDonald's C. Jim wants to buy a stereo player. D. The price of cashew has gone up by 4 percent If the money price of a cup of coffee is 1 a cup and the money price of gum is 50 cents per pack, then the relative price of coffee in terms of gum is __ A. 50 cents per pack B. 1/2 cup per pack C. 1 per cup D. 2 packs per cup
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Elit · 8 yıl öğretmeniUzman doğrulaması
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competitive market is a market that has many buyers and sellers; no single buyer or seller can influence the price.<br /><br />An example of money price is Joe paid $\$ 15$ to buy a pizza box from McDonald's.<br /><br />If the money price of a cup of coffee is $\$ 1$ a cup and the money price of gum is 50 cents per pack, then the relative price of coffee in terms of gum is 2 packs per cup.
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