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The Price of a Certain Farm Product Was $2

Question 236

Multiple Choice

The price of a certain farm product was $2.00 in the base period when the parity ratio was 100. If the index of prices paid by farmers is now at 130, then the parity price of this farm product today should be


A) 1.40.
B) 2.60.
C) 2.30.
D) 1.70.

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