In autarky, the relative price of wine, in terms of beer, in country A is?

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A1W = 1B

B1W = 3B

C1W = 1/3B

D1W = 2B

Correct answer

B. 1W = 3B

Explanation

The correct answer is 1W = 3B.

In autarky, the relative price of wine, in terms of beer, in country A is? - Answer and Explanation | Academy of Pakistan