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  3. Study Set
    Principles of Economics Study Set 8
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    Exam 21: The Theory of Consumer Choice
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    Figure 21-5
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Figure 21-5

Question 104

Question 104

Multiple Choice

Figure 21-5
(a) (b) Figure 21-5 (a)  (b)      -Refer to Figure 21-5. In graph (b) , what is the price of good Y relative to the price of good X (i.e., PY/PX) ?  A)  1/3 B)  1 C)  3 D)  10 Figure 21-5 (a)  (b)      -Refer to Figure 21-5. In graph (b) , what is the price of good Y relative to the price of good X (i.e., PY/PX) ?  A)  1/3 B)  1 C)  3 D)  10
-Refer to Figure 21-5. In graph (b) , what is the price of good Y relative to the price of good X (i.e., PY/PX) ?


A) 1/3
B) 1
C) 3
D) 10

Correct Answer:

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