Multiple Choice
Refer to Table 8.1,which gives hypothetical data on price changes for three goods.If the overall rate of inflation in the economy was 4.5%,which of the following statements is true?
A) The real price of all three goods increased.
B) The real price of amusement park tickets rose, and the real price of bowling balls and camouflage neckties fell.
C) The real price of amusement park tickets fell, and the real price of bowling balls and camouflage neckties rose.
D) The real price of all three goods decreased.
Correct Answer:

Verified
Correct Answer:
Verified
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