If the Price of Nike⁽ᵗᵐ⁾ Running Shoes Increased from $100

Multiple Choice

If the price of Nike⁽ᵗᵐ⁾ running shoes increased from $100 to $120, and the price of comparable New Balance⁽ᵗᵐ⁾ shoes increased from $100 to $130, how have the prices changed?

A) The nominal prices of both shoes have decreased, and the relative price of the Nike shoes has fallen.
B) The nominal prices of both shoes have decreased, and the relative price of the Nike shoes has risen.
C) The nominal prices of both shoes have increased, and the relative price of the Nike shoes has fallen.
D) The nominal prices of both shoes have increased, and the relative price of the Nike shoes has risen.