Multiple Choice
Figure 21-5
-Refer to Figure 21-5.In graph (a) ,what is the price of good Y relative to good X (i.e.,Pᵧ/Pₓ) ?
A) 1/4
B) 1/3
C) 3
D) 4
Correct Answer:

Verified
Correct Answer:
Verified
Q287: When Ryan has an income of $2,000,
Q300: Figure 21-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1273/.jpg" alt="Figure 21-9
Q344: Figure 21-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 21-5
Q346: Scenario 21-3<br>Zach knows that he will ultimately
Q352: An increase in income will cause a
Q353: Figure 21-15<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2185/.jpg" alt="Figure 21-15
Q381: Which of the following is an example
Q525: Given a consumer's indifference map, the demand
Q542: When Matt has an income of $2,000,
Q545: When indifference curves are bowed inward, the