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Suppose that at first the price of a pair of shoes is $5 and the price of a t minus shirt is $3. Then, the
Suppose that at first the price of a pair of shoes is $5 and the price of a t minus shirt is $3. Then, the price of a pair of shoes changes to $10 and the price of a t minus shirt changes to $7. What has happened the money prices and relative prices of these two goods? Part 2 A. The money price of a pair of shoes and a t minus shirt have risen and the relative price of a pair of shoes has fallen while relative price of a t minus shirt has risen. B. The money price of a pair of shoes and a t minus shirt have risen and the relative prices of a t minus shirt and a pair of shoes have fallen. C. The money price of a pair of shoes and a t minus shirt have fallen and the relative price of a t minus shirt and a pair of shoes have risen. D. The money and relative prices of a pair of shoes and a t minus shirt have not changed
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