Order the answer to: In 2010, the absolute price of tea was $12 a

Academic Writing business-economics Order the answer to: In 2010, the absolute price of tea was $12 a

business-economics

Order the answer to: In 2010, the absolute price of tea was $12 a

Question In 2010, the absolute price of tea was $12 a pound and the absolute price of a Honda Civic was $16,000. In 2011, the absolute price of tea rose to $15 per pound and the absolute price of a Honda Civic rose to $24,000. Did the relative price of tea in terms of Civics increase or decrease? What about the relative price of Civics in terms of tea?
Subject business-economics
Ready to try a high quality writing service? Get a discount here