A Relative Price is:

CA Foundation · Business Economics · MTP · September 2025
A Relative Price is:
(A) A. Price expressed in terms of money.
(B) B. The ratio of one money price to another
(C) C. Equal to money price.
(D) D. None of these.

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. The ratio of one money price to another

Topics: Price Determination in Different Markets

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