Solved

Figure 21-5

Question 80

Multiple Choice

Figure 21-5
(a)
(b) Figure 21-5 (a) (b) -Refer to Figure 21-5. In graph (a) , what is the price of good X relative to the price of good Y (i.e., P<sub>X</sub>/P<sub>Y</sub>) ? A) 1/4 B) 1/3 C) 3 D) 4 Figure 21-5 (a) (b) -Refer to Figure 21-5. In graph (a) , what is the price of good X relative to the price of good Y (i.e., P<sub>X</sub>/P<sub>Y</sub>) ? A) 1/4 B) 1/3 C) 3 D) 4
-Refer to Figure 21-5. In graph (a) , what is the price of good X relative to the price of good Y (i.e., PX/PY) ?


A) 1/4
B) 1/3
C) 3
D) 4

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q32: Assume that a college student purchases only

Q75: As long as a consumer remains on

Q76: Figure 21-31 The figure shows two indifference

Q77: When economists describe preferences, they often use

Q78: A consumer<br>A)is equally satisfied with any indifference

Q79: Figure 21-31 The figure shows two indifference

Q82: As more units of an item are

Q83: Assume that a college student purchases only

Q84: If two bundles of goods give a

Q85: A normal good is one<br>A)the average consumer