There are two goods: X and Y. The absolute price of X rises and the absolute price of Y does not change. Prove that the relative price of X rises in terms of Y.
Economics (MindTap Course List)
Economics (MindTap Course List)
There are two goods: X and Y. The absolute price of X rises and the absolute price of Y does not change. Prove that the relative price of X rises in terms of Y.
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