Managerial Economics

1:

Which of the following statements is correct or more nearly correct?

A.

If the price of a commodity falls, its value relative to other goods does not change

B.

Value has nothing to do with price

C.

An increase in the price of commodity represents a fall in its value

D.

The price of a good is its value measured in terms of money

 

Answer : D

Explanation :

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Option: A

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