Question

if the price relative is 175, then what would you conclude
pls answer it correctly I will mark you as brainliest answer ​

Answer 1

Price relative or Relative price is 175 means the price of an item is being compared with the other item in the terms of money.

The other related terms are,

• In absolute price, there is no comparison in this, it only depends on the market price.

• In relative price, the comparison takes place between one item and the other in terms of measuring quantity.
• Relative price can be calculated using the formula,

                                           $P_r = \frac{P_x}{P_y}$

        Here $P_r$ is the relative price of items,

                 $P_x$ is the absolute price of the item '$x$',

And,          $P_y$ is the absolute price of the item '$y$'.