Figure 21-5

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

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

Figure 21-5

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

Quizplus · Accepted Answer

In graph (b), the price of good X is 1 and the price of good Y is 3, so Pₓ/Pᵧ = 1/3.

Figure 21-5 -Refer to Figure 21-5.In Graph (B),what Is the Price of 21-5.In