(Figure: Good Y and Good X) Which of the following statements is TRUE? Quantity of good Y 18- 16 14 12 10- 8 6- 4- 2 Budget constraint 2 Budget constraint 1 0 2 4 6 8 10 12 14 16 18 20 Quantity of good X Good X is relatively cheaper than Good Y in budget constraint 1 Good X is relatively more expensive than Good Y in budget constraint 2 Good X is relatively more expensive than Good Y in budget constraint 1 Good Y is the same price in budget constraint 1 and in budget constraint 2

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