Multiple Choice
In the country of Kasnia, the price of copper increased from $6 per kilogram to $6.60 per kilogram during a time when the overall price level increased by 6 percent. During this period, what happened to the real price of copper?
A) It has increased by about 2 percent.
B) It has decreased by about 4 percent.
C) It has decreased by about 8 percent.
D) It has increased by about 10 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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