David has an income of $60 to buy movie tickets and bus tickets.The price of a movie ticket is $12 and the price of a bus ticket is $4.What is the relative price of a bus ticket in terms of movie tickets?
A) 3 movie tickets
B) 5 movie tickets
C) $3
D) 1/3 movie ticket
E) $4
Correct Answer:
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Q6: Use the figure below to answer the
Q7: If the price of the good measured
Q8: If the price of the good measured
Q9: If income decreases,the budget line
A)becomes steeper.
B)becomes flatter.
C)shifts
Q10: Suppose all prices double and income also
Q12: Real income is calculated as
A)income divided by
Q13: Use the figure below to answer the
Q14: The budget line depends on
A)income only.
B)prices only.
C)income
Q15: If income increases,the budget line
A)becomes steeper.
B)becomes flatter.
C)shifts
Q16: Guy has an income (Y)of $50 with
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