Relative price
A relative price is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices. A relative price may be expressed in terms of a ratio between the prices of any two goods or the ratio between the price of one good and the price of a market basket of goods (a weighted average of the prices of all other goods available in the market). Microeconomics can be seen as the study of how economic agents react to changes in relative prices, and of how relative prices are affected by the behavior of those agents.The difference and change of relative prices can also reflect the development of productivity.
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Relative price
A relative price is the price of a commodity such as a good or service in terms of another; i.e., the ratio of two prices. A relative price may be expressed in terms of a ratio between the prices of any two goods or the ratio between the price of one good and the price of a market basket of goods (a weighted average of the prices of all other goods available in the market). Microeconomics can be seen as the study of how economic agents react to changes in relative prices, and of how relative prices are affected by the behavior of those agents.The difference and change of relative prices can also reflect the development of productivity.
has abstract
A relative price is the price ...... e development of productivity.
@en
Een relatieve prijs is de prij ...... de relatieve prijzen reageren.
@nl
Относительная цена — цена, изм ...... овар, несущий базовую функцию.
@ru
相対価格(そうたいかかく)とは、財やサービスの価格を貨幣によ ...... り、この場合の相対価格というのは50/100=1/2である。
@ja
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A relative price is the price ...... e development of productivity.
@en
Een relatieve prijs is de prij ...... de relatieve prijzen reageren.
@nl
Относительная цена — цена, изм ...... овар, несущий базовую функцию.
@ru
相対価格(そうたいかかく)とは、財やサービスの価格を貨幣によ ...... り、この場合の相対価格というのは50/100=1/2である。
@ja
label
Relatieve prijs
@nl
Relative price
@en
Relativer Preis
@de
Относительная цена
@ru
相対価格
@ja