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relative price
noun
The price of a commodity or service in terms of another
Exact(60)
It is part of a relative price adjustment.
As he notes, relative price levels convey important information.
A television made in a low-emission factory would require fewer permits, lowering its relative price.
However, relative price changes between components are more complex than that.
Yet, because an exchange rate is a relative price, all currencies cannot weaken simultaneously.
"This fall in the relative price of equities was not caused by QE.
Which needs will you serve, which customers, at what relative price?
This assumption also means the relative price of oil will not necessarily increase over time.
This has reduced the relative price of labour and raised the returns to capital.
Since 1900, around 50% of the commodities show clear downward relative price slopes.
The relative price of coal and gas is crucial to the health of European utilities.
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