Exhibit 21-7

-Refer to Exhibit 21-7.The relative price of X in terms of Y is the greatest on graph
A) (1).
B) (2).
C) (3).
D) This cannot be determined based on the information provided

Question

Exhibit 21-7
 
-Refer to Exhibit 21-7.The relative price of X in terms of Y is the greatest on graph
A) (1). 
B) (2). 
C) (3). 
D) This cannot be determined based on the information provided

Quizplus · Accepted Answer

The relative price of X in terms of Y is the greatest on graph (1) because the slope of the line is the steepest, indicating that the price of X is increasing more rapidly than the price of Y.

Exhibit 21-7 -Refer to Exhibit 21-7.The Relative Price of X in Terms