The ________ is the price of one good ________ the price of another good.
A) relative price; times
B) relative price; divided by
C) budget; times
D) budget; divided by
Question 2
Deadweight loss can be the result of
A) overproduction, but not underproduction.
B) underproduction, but not overproduction.
C) both overproduction and underproduction.
D) neither overproduction, nor underproduction.