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Use the Figure Below to Answer the Following Questions

Question 11

Multiple Choice

Use the figure below to answer the following questions. Use the figure below to answer the following questions. Figure 9.3.1 -Consider the budget line and indifference curve in Figure 9.3.1.If the price of good X is $1 a unit,then the price of good Y is A) $0.75 a unit. B) $1 a unit. C) $1.25 a unit. D) $2 a unit. E) $1.33 a unit. Figure 9.3.1
-Consider the budget line and indifference curve in Figure 9.3.1.If the price of good X is $1 a unit,then the price of good Y is


A) $0.75 a unit.
B) $1 a unit.
C) $1.25 a unit.
D) $2 a unit.
E) $1.33 a unit.

Correct Answer:

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