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Think of examples of goods whose relative price has risen or fallen by a large amount.

In​ 2007, the price of a gallon of gas was​ $2.59. In​ 2017, the price of a gallon of gas was​ $2.32.

In​ 2007, the price of a dozen eggs was​ $1.63. In​ 2017, the price of a dozen eggs was​ $1.40.

Between 2007 and​ 2017, the relative price of a gallon of gas with respect to a dozen eggs​ _______ and the relative price of a dozen eggs with respect to a gallon of gas​ _______.

A. fell; rose
B. rose; rose
C. fell; fell
D. rose; fell

Respuesta :

Adematae

Answer:

D. rose; fell

Explanation:

The relative price of a gallon of gas to a dozen  of egg in 2007=1.588 while the relative price of a gallon of gas to a dozen of egg in 2017 = 1.63 which means it rose while the relative price of a dozen of egg with respect to  a gallon of gas in 2007= 0.629 while in 2017= 0.60 which means it fell.

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