Multiple Choice
Assuming food and beverages make up about 15 percent of total expenditures and food and beverage prices rise by 10 percent while the other components of the price index remain constant, approximately by how much will the price index rise?
A) 1 percent
B) 1.5 percent
C) 15 percent
D) 25 percent
Correct Answer:
Verified
Correct Answer:
Verified
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