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Author Question: If the price of a candy bar is 1 and the price of a fast food meal is 5, then the A) relative ... (Read 95 times)

imowrer

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on: Jun 29, 2018
If the price of a candy bar is 1 and the price of a fast food meal is 5, then the
 
  A) relative price of a candy bar is 5 fast food meals per candy bar.
  B) money price of a candy bar is 1/5 of a fast food meal per candy bar.
  C) relative price of a fast food meal is 5 candy bars per fast food meal.
  D) money price of a fast food meal is 1/5 of a candy bar per fast food meal.

Question 2

In the above figure, which movement illustrates the impact of a falling price level and a constant money wage rate?
 
  A) E to I
  B) E to F
  C) E to J
  D) E to H


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thall411

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


imowrer

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Reply 2 on: Jun 29, 2018
Excellent

bbburns21

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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