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If the Price of Peanuts Increases by 10 Percent and the Price

Question 54

Multiple Choice

If the price of peanuts increases by 10 percent and the price of potato chips does not change, then the relative price of peanuts with respect to potato chips will ________ and the relative price of potato chips with respect to peanuts will ________.


A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall

Correct Answer:

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