Multiple Choice
Dave builds bird houses at a negligible cost. He sells 5 percent more bird houses this year than last year. The market price this year is 2 percent lower than last year. Which inflation rate makes Dave as well off this year as last year?
A) 2 percent
B) 3 percent
C) 5 percent
D) 7 percent
Correct Answer:
Verified
Correct Answer:
Verified
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