When the price of a good decreases more slowly than an index of average prices decreases, the good's relative price:_____.

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16-08-2022
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When the price of a good decreases more slowly than an index of average prices decreases, the good's relative price:_____.

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Tutorconsortium355 Tutorconsortium355 · Answer 1 · 2022-08-20T20:12:51+02:00

When the price of a good decreases more slowly than an index of average prices decreases, the good's relative price Has risen while its actual price has fallen.
What is Average Price Index?

The "AVERAGE PRICE INDEX" for each Lease Year is equal to the average of the Price Indices published during the twelve (12) month period that ended two (2) months before the start of that Lease Year. Any index that is an average of itself must be disregarded when calculating an average (i.e., there shall be no averaging of averages).

Example: In order to calculate the percent change, the Department will compare the Kentucky Average Price Index (KAPI) for the month the Contract is let to the index for the month the Contractor installs the material on the project.

To know more about Average Price Index visit: https://brainly.com/question/15871659?

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