Find the odd word : (a) Individual demand (b) Individual supply (c) Individual income (d) Price level * O a&b O b&c c&d O Only 'd" ! This is a required question
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Answer:
only D (price level)
Explanation:
because rest of the three are correlated to each other
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Strange word says:
- Appropriate option (d) Price level
- A standard price is an estimated measurement of all prices of a set of goods and services.
- An economic or financial union for a given period of time (usually one day), which is typical compared to a particular set of bases.
- In general, the average price level is measured by the daily price indicator, usually the Daily CPI.
- Normal price levels can change more than once a day during hyperinflation.
- For a macroeconomic price index, see the AD – AS model.
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