If the absolute price of good X is $10 and the absolute price of good Y is

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If the absolute price of good X is $10 and the absolute price of good Y is $14, then what is
(a) The relative price of good X in terms of good Y
(b) The relative price of good Yin terms of good X?

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Economics

ISBN: 978-1285738321

12th edition

Authors: Roger A. Arnold

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Question Posted: Feb 12, 2016 07:06 AM

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If the absolute price of good X is $10 and the absolute price of good Y is

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