ECON 1010 : chapter 03.doc

• School: York University
• Department: Economics
• Course: ECON 1010
• Professor: Steven Edwards

Document Summary

Economics: canada in the global environment, 7e (parkin) Topic: markets and prices: which market is an example of a market for goods, labour market, haircut market, manufactured input market, apple market, energy market. Topic: markets and prices: which market is an example of a market for services, orange market, tennis lessons market, manufactured input market, energy market, labour market. 2010 pearson education canada: which market is an example of a resource market, furniture market, apple market, automobile market, haircut market, labour market. Topic: markets and prices: the demand and supply model determines, relative prices, money prices, supply prices, demand prices, absolute prices. In 2007, the relative price of coffee in terms of tea is: 1. 25, 1. 10, 1. 00, 0. 88, 1. 14. 2010 pearson education canada: refer to table 3. 1. 1. In 2009, the relative price of coffee in terms of cola is: 1. 25, 1. 00, 0. 67, 1. 56, unknown without more information.