Figure 21-5

question 201

Multiple Choice

Figure 21-5
(a)
(b)
-Refer to Figure 21-5. In graph (a) , what is the price of good Y relative to the price of good X (i.e., P_y/P_x) ?

• A)1/4
• B)1/3
• C)3

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Definitions:

Genetically Engineered

Organisms whose genetic material has been artificially manipulated in a laboratory through genetic modification technology.

Patent

A government-granted exclusive right to an inventor to make, use, and sell an invention for a certain number of years.

Collective Mark

A trademark or service mark used by members of a cooperative, association, or other collective group to indicate membership or to distinguish their goods or services from those of non-members.

Regional Origin

The specific geographical area where a product, idea, or species originated or is most commonly found.