Mario sees popcorn and pretzels as perfect substitutes.He is always willing to substitute 3 cups of popcorn for 1 cup of pretzels.If Mario consumes only pretzels, then we know that the relative price of popcorn in terms of pretzels is:
A) less than 1/3.
B) greater than
C) 1/3.less than 3.
D) greater than 3.
Correct Answer:
Verified
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