Answer:
  1X= 5/7Y
 1Y= 7/5Y
Explanation:
Relative price of product of X in terms of product Y is the price of product X expressed a fraction of product of Y, that is $10/$14=5/7,and it is expressed in standard terms 1X=5/7Y
The relative price of  product Y in terms of product X is $14/$10=7/5 and also can be expressed in standard format as IY=7/5Y
All in all, product the relative price of product Y seems to be higher than the relative price of product x
 
        
             
        
        
        
Answer:
Suppose a senator considers introducing a bill to legislate a minimum hourly wage of $12.50.
Wage           Labor Demanded            Labor Supplied
$12.50               375,000                           625,000
This will result in a surplus of labor (625,000 higher than 375,000)
Which of the following statements are true? 
- Binding minimum wages cause structural unemployment.  As with all price floors, a deadweight loss results, because the quantity supplied is much greater than the quantity demanded. In this case, the price of labor is the wage, and the deadweight loss = structural unemployment
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In the absence of price controls, a surplus puts downward pressure on wages until they fall to the equilibrium.
 Since a labor surplus exists, the price of labor should start to decrease in order to match the equilibrium price. 
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If the minimum wage is set at $12.50, the market will not reach equilibrium. The quantity supplied of labor is much greater than the quantity demanded for labor resulting in a surplus. 
 
        
             
        
        
        
Answer:i would say weakness if its a choice 
Explanation:
 
        
             
        
        
        
Answer:
People avoid carbohydrates, because they have a high calory density. 
 
        
             
        
        
        
A. True in a dutch interenet auction the highest price wins