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  3. Study Set
    Principles of Economics Study Set 3
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    Exam 21: The Theory of Consumer Choice
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    Figure 21-4
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Figure 21-4

Question 17

Question 17

Multiple Choice

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


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

Correct Answer:

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