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Let's Say a Bottle of Dr

Question 123

Multiple Choice

Let's say a bottle of Dr.Wells (an actual soft drink still available but hard to obtain) cost $0.15 in 1970.If the consumer price index (CPI) in 1970 was 37.8 and the current CPI is 240,then the inflation-adjusted price of Dr.Wells would be (rounded to the nearest penny)


A) $0.0236.
B) $2.36.
C) about a dollar.
D) $0.95
E) $95.00.

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