If the price of good X is $100 and the price of good Y is $40,it follows that the relative price of one unit of good Y is ___________ unit(s)of good X.
A) 0.40
B) 0.20
C) 2.50
D) 4.00
E) There is not enough information to answer the question.

Question

Quizplus · Accepted Answer

The relative price of one unit of good Y in terms of good X is calculated by dividing the price of Y by the price of X, which is $40/$100 = 0.40. This means one unit of good Y is worth 0.40 units of good X.

If the Price of Good X Is $100 and the Price