you should have 2,
upstream(before cat)
downstream(after cat)
if you have a check engine light a mech should be able to tell ya which one is bad but it's allways been my experience to change both
as far as price....oooooo on my 96 mitsubishi eclipse they were $250.00 apiece...
alot of kids nowadays are using modified exhaust and dont worry about the sensors...so try pick'n em up on ebay