Essay
Interpret the following data on the relative price of cellphones and answer the following questions. 
(A) Calculate the relative price of cellphones for each year.
(B) Plot the relative price of cellphones.
(C) What can you say about how the price of cellphones varied in comparison to the price of all goods between 2005 and 2008 ?
Correct Answer:
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(A) The relative price of cellphones for...View Answer
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