-Refer to the figure above.The relative price of S (in terms of T. is
A)2.
B)1/2.
C)500.
D)1000.

Name: -Refer to the figure above.The relative price of S (in terms of T. is A)2. B)1/2. C)500. D)1000.
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Question

-Refer to the figure above.The relative price of S (in terms of T. is
A)2. 
B)1/2. 
C)500. 
D)1000.

Quizplus · Accepted Answer

The relative price of S in terms of T can be found by dividing the price of S by the price of T. From the figure, we can see that the price of S is 1 unit and the price of T is 2 units. Therefore, the relative price of S in terms of T is 1/2.

-Refer to the Figure Above