Question

In her school's food court, Jamie notices that a carton of juice costs $1.75 and a can of soda costs $1.25. Since Jamie just finished studying for an economics exam, she immediately calculates that the relative price of a carton of juice is a) 2/1.5/1.4/1.3 b) cans of soda/cartons of juice per c) can of soda/carton of juice.

Suppose that school administrators want to encourage healthy choices and decide to impose a $0.25 price increase on cans of soda. Given that the absolute price of a carton of juice is unchanged, the relative price of a carton of juice d) increases/decreases

Answer 1

Relative roucesこ $12S i'니 Thi shudens can buy s means thet ex evey one cou bon c Juice ucans So cla 1. 50 This means theu nouw on every cor ton juie docens Con buu 61 cans of sode. Hence Relative Pouice has dee aseo

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