| 单词 | relative price |
| 释义 | relative priceDefinition Price of a commodity as it compares to another. The relative price is usually presented as a ratio between the two prices. Use 'relative price' in a SentenceYou need to figure out what the relative price should be and then decide if you are getting a good deal or not. I wanted to determine the relative price of the item compared to the other and I knew that it would determine how much we made it worth. Though consumers benefit from the lower cost of gasoline, big oil companies such as Shell and Exxon are worried about the relative price of petroleum versus coal or natural gas. |
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