Kizspy Question: 8
(Choose 1 answer)
While shopping, you observe that jeans are priced at $20 and a tee-shirt is priced at $10. You calculate the
cost of jeans compared to the cost of tee-shirts.
A. The price of jeans and the relative price of jeans are both nominal variables.
B. The price of jeans and the relative price of jeans are both real variables.
C. The price of jeans is a nominal variable; the relative price of jeans is a real variable.
D. The price of jeans is a real variable; the relative price of jeans is a nominal variable.
