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Surplus size 88 units - PowerPoint PPT Presentation

2. Price Mechanism

2. Price Mechanism. Chapter 2 : main menu. Progress Checkpoint 1. If the nominal price of a cup of coffee is $10, while that of a can of coke is $5, what is the relative price of : (a) a cup of coffee in terms of coke? (b) a can of coke in terms of coffee?. = 2 cans of coke.

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Surplus size 88 units - PowerPoint PPT Presentation

2. Price Mechanism