Multiple Choice
Scenario 24-1
The price tag on a tennis ball in 1975 read $0.10,and the price tag on a tennis ball in 2005 read $1.00.The CPI in 1975 was 52.3,and the CPI in 2005 was 191.3.
-Refer to Scenario 24-1.In 1975 dollars,a 1975 tennis ball cost $0.10 and a 2005 tennis ball cost
A) $0.27,so tennis balls were cheaper in 1975.
B) $0.27,so tennis balls were cheaper in 2005.
C) $3.66,so tennis balls were cheaper in 1975.
D) $3.66,so tennis balls were cheaper in 2005.
Correct Answer:

Verified
Correct Answer:
Verified
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