Suppose that a consumer has $200 to spend on two goods: beer and pretzels. The price of beer is $6.00 and the price of pretzels is $3.00. What is the relative price of pretzels? 2 $3.00 $6.00 O 1/2
Suppose that a consumer has $200 to spend on two goods: beer and pretzels. The price of beer is $6.00 and the price of pretzels is $3.00. What is the relative price of pretzels? 2 $3.00 $6.00 O 1/2
Chapter7: Consumer Choice: Maximizing Utility And Behavioral Economics
Section: Chapter Questions
Problem 4WNG
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