multiple choice question\nthe price of a specific good or service in comparison to the prices of other goods…
multiple choice question\nthe price of a specific good or service in comparison to the prices of other goods and services is the ______ of the good or service\no price level\no relative price\no inflation rate
Answer
Brief Explanations:
The price level is an overall measure of prices. The inflation rate is the percentage change in the price - level over time. Relative price is the price of a specific good or service compared to other goods and services.
Answer:
B. relative price