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Steve, MBA
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Experience:  MBA
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if the price of ipods rises 10 percent during a year when then

Resolved Question:

if the price of ipods rises 10 percent during a year when then level of average prices rises 3 %, the relative price of ipods compared with other goods:

a. remain constant b. increases c. decreases d. more information is required to answer this question.

2. the amount of money income received in a given time period, measured in current dollars is:

a. normal income

b.fixed income

c. real income

d. asset income
Submitted: 5 years ago.
Category: Homework
Expert:  Steve replied 5 years ago.

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