y Tools Numbers and Graphs: Prices: Free, Controlled, and Relative (Ch 04) Back to Assignment Attempts Average/3 ips ps 6. Working with Numbers and Graphs Q6 Suppose the absolute price of good X is $110 and the absolute price of good Y is $10. The relative price of good X in terms of good Y is 1X = Y. Is Suppose the absolute price of good X rises to $208. After this change in the absolute price of X, the new relative price of good X in terms of good Y is 1X = ples of In general, if the absolute price of good X rises, while the absolute price of good Y remains constant, the relative price of good X in terms of good Y will always Grade It Now Save & Continue