Multiple Choice
The country described in the table below produces and consumes only three goods: energy drinks, pizza, and t-shirts. The quantity produced and price of each good in 2016 and 2017 are provided.
-Refer to the above table.Assuming that 2016 is the base year,by what percentage did prices change between 2016 and 2017?
A) Prices rose by 11 percent.
B) Prices rose by 15 percent.
C) Prices fell by 5 percent.
D) Prices fell by 9 percent.
Correct Answer:
Verified
Correct Answer:
Verified
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