U3 AOS1 Relative Prices Flashcards
1
Q
relative price
A
the price of one good/service compared to another
2
Q
absolute prices
A
simply the price of a good/service
Economics U3/4 > U3 AOS1 Relative Prices > Flashcards
relative price
the price of one good/service compared to another
absolute prices
simply the price of a good/service