Multiple Choice
The price of a gallon of gasoline increased from $2.00 to $2.25 while the price of a ride on the city bus increased from 50 cents to 75 cents. The relative price of riding the city bus
A) increased from 0.25 to 0.6.
B) decreased from 4.0 to 3.0.
C) stayed constant at 0.25.
D) stayed constant at 4.0.
Correct Answer:
Verified
Correct Answer:
Verified
Q88: Which of the following will NOT cause
Q89: All of the following will cause a
Q90: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q91: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -According to the
Q92: If an increase in the incomes of
Q94: If a good is a normal good,
Q95: In economic terminology, an inferior good is
Q96: Mary increases her consumption of Good X
Q97: Distinguish between a change in quantity supplied
Q98: Which of the following will NOT cause