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Over the Past Year, Price Inflation Has Been 10%, but the Price

Question 20

Multiple Choice

Over the past year, price inflation has been 10%, but the price of a used Ford Escort has fallen from $6,000 to $5,000. The real price of a Ford Escort has fallen by:


A) 12%.
B) 17%.
C) 20%.
D) 24%.
E) 32%.

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