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The Price of a New Car Is $20 000 While

Question 39

Multiple Choice

The price of a new car is $20 000 while the price of a five-year old car of the same brand is $8 000.The next year the price of the new car increases to $22 000 and the price of a five-year old car of the same brand is $8 800.The relative price of the used car


A) increased by $800.
B) decreased by 10 percent.
C) increased by 10 percent.
D) remained constant at 0.4.

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