Multiple Choice
Suppose the price for one gallon of gasoline rises from $3.50 to $4.00 and the price of one gallon of milk rises from $3.00 to $3.20.If the CPI rises from 120 to 132,then people likely will buy
A) more gasoline and more milk.
B) more gasoline and fewer milk.
C) less gasoline and more milk.
D) less gasoline and fewer milk.
Correct Answer:
Verified
Correct Answer:
Verified
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