K Petra buys 6 smoothies and 2 album downloads a week when she has $36 to spend, the price of an album download is $9, and the price of a smoothie is $3. What is the relative price of an album download? If the price of an album download falls to $4.50, how do Petra's consumption possibilities change? The relative price of an album download is consumption possibilities A. 3 smoothies; expand B. 0.33 smoothies; shrink C. $9; expand D. 3 album downloads; expand E. 0.33 album downloads; shrink If the price of an album download falls to $4.50, Petra's. Hand written solutions are strictly prohibited.
K Petra buys 6 smoothies and 2 album downloads a week when she has $36 to spend, the price of an album download is $9, and the price of a smoothie is $3. What is the relative price of an album download? If the price of an album download falls to $4.50, how do Petra's consumption possibilities change? The relative price of an album download is consumption possibilities A. 3 smoothies; expand B. 0.33 smoothies; shrink C. $9; expand D. 3 album downloads; expand E. 0.33 album downloads; shrink If the price of an album download falls to $4.50, Petra's. Hand written solutions are strictly prohibited.
Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter20: Consumer Choice And Elasticity
Section: Chapter Questions
Problem 4CQ
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K Petra buys 6 smoothies and 2 album downloads a week when she has $36 to spend, the price of an album download is $9, and the price of a smoothie is $3. What is the relative price of an album download? If the price of an album download falls to $4.50, how do Petra's consumption possibilities change? The relative price of an album download is consumption possibilities
A. 3 smoothies; expand
B. 0.33 smoothies; shrink
C. $9; expand
D. 3 album downloads; expand E. 0.33 album downloads; shrink If the price of an album download falls to $4.50, Petra's.
Hand written solutions are strictly prohibited.
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