Vidyalelo
Management · Q474

Managerial Economics

Graduate and Post Graduate · Management · question 474

Q474

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

Answer: Option D

Solution

Answer: Option D
No explanation is given for this question Let's Discuss on Board