Multiple Choice
In 1964, Harvey bought a Ford Mustang for $2,368. In 2019, he bought another new Ford Mustang for $32,000. If the price index in 1964 was 35 and the price index in 2019 was 200, what is the price of the 1964 Ford Mustang in 2019 prices?
A) $5600
B) $11200
C) $13531
D) $16000
Correct Answer:
Verified
Correct Answer:
Verified
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