When the price of one good changes while another good's price does not change,then there has been a change in the
A) relative price.
B) marginal utility price.
C) absolute price.
D) marginal price.
E) utility price.

Question

Quizplus · Accepted Answer

When the price of one good changes while another good's price does not change, the relationship between the two prices changes. This is known as a change in relative price.

When the Price of One Good Changes While Another Good's