Multiple Choice
Suppose the price of a six-pack of cola rises from $3 to $3.75 and the price of a pack of mints rises from $1.25 to $1.75.If the CPI rises from 140 to 182,then people likely will buy
A) more cola and more mints.
B) more cola and fewer mints.
C) less cola and more mints.
D) less cola and fewer mints.
Correct Answer:
Verified
Correct Answer:
Verified
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