If the Relative Price of One Unit of Good Y

question 100

Multiple Choice

If the relative price of one unit of good Y is 0.25 units of good Z, then it follows that the absolute price of good Z can be __________ and the absolute price of good Y can be __________.

• A)$4,000; $2,000
• B)$1,000; $2,000
• C)$2,000; $1,000
• D)$1,000; $250

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Definitions:

Strong Acids

Substances that completely dissociate into ions in water, releasing a large amount of hydrogen ions.

Weak Acids

Acids that do not fully dissociate in solution, resulting in a less acidic solution compared to strong acids.

Difference

The state or quality of being unlike or dissimilar.

Radioisotopes

Isotopes of elements that are radioactive, used in medical diagnostics, treatment, and research.