If the Price of Good X Is $100 and the Price

question 87

Multiple Choice

If the price of good X is $100 and the price of good Y is $40,it follows that the relative price of one unit of good Y is ___________ unit(s) of good X.

• A) 0.40
• B) 0.20
• C) 2.50
• D) 4.00
• E) There is not enough information to answer the question.

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Definitions:

Abraham Lincoln

The 16th President of the United States, known for leading the country during the Civil War and abolishing slavery.

Organization Development

A set of techniques or tools used to implement organizational change.

Leadership Pyramid

A conceptual model illustrating the various levels of leadership within an organization, from front-line supervisors to top executives.

Empirically Tested

Subjected to systematic and objective validation or verification through observation or experiment.