Price is not the same thing as value. Suppose that on a day the price of everything viz., coal, bread, postage stamps,

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Q 2481791627.     Price is not the same thing as value. Suppose that on a
day the price of everything viz., coal, bread, postage
stamps, a day's labour, the rent of houses, etc. were to
double. Prices then would certainly rise, but values
of all things except one would not."
The writer wants to say that if prices of all things
were doubled
IAS 2014 Prelims
A

the values of all things would remain constant

B

the values of the things sold would be doubled.

C

the values of the things bought would be halved

D

the value of money only would be halved ..

HINT


Solution
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)

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