Multiple Choice
Suppose over the last five years that the price of recycled aluminum increased from $800 a ton to $900 a ton.Over the same time a measure of the overall price level increased from 120 to 138.The real price of recycled aluminum
A) increased,so it became scarcer
B) increased,so it became less scarce
C) decreased,so it became scarcer
D) decreased,so it became less scarce
Correct Answer:
Verified
Correct Answer:
Verified
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