Multiple Choice
The ratio of the prices of two goods measures
A) the rate at which a consumer is willing to substitute one good for another in the market.
B) the rate at which a consumer is able to substitute one good for another in the market.
C) the marginal rate of substitution of X for Y.
D) both a and c
E) both b and c
Correct Answer:
Verified
Correct Answer:
Verified
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