Multiple Choice
The price of a new textbook was $60 in one year and $75 two years later.Over the same period,the price of a used copy of the text rose from $25 to $37.50.Over the two years,the relative price of a new textbook
A) increased by 25 percent.
B) decreased from 2.4 to 2.0.
C) increased from 2.4 to 3.
D) decreased from 1.4 to 1.25
Correct Answer:
Verified
Correct Answer:
Verified
Q131: An increase in demand is shown graphically
Q132: Which of the following statements about demand
Q133: A market demand schedule for a product
Q134: Table 3-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-4
Q135: If goods X and Y are substitute
Q137: Figure 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-3
Q138: Which of the following will cause a
Q139: When economists talk about a demand schedule
Q140: Figure 3-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 3-3
Q141: Table 3-2<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Table 3-2