Multiple Choice
Suppose that because of inflation,the absolute price of a gallon of milk increases by 20% and the absolute price of a gallon of gasoline increases by 10%.In this situation,the price of milk relative to the price of gasoline
A) falls.
B) rises.
C) remains the same.
D) changes unpredictably.
Correct Answer:
Verified
Correct Answer:
Verified
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