Economics: The Basics 1st Edition by Mike Mandel

Exercise 5

Say whether each of the following represents a pure price change or an improvement in quality.
a) The price of a home goes up.
b) The price of a home goes up after a complete renovation.
c) The latest model of a car is more expensive than the previous model, but it also has more features.
d) The price of a peach rises.
e) The price of a new, faster model of laptop computer is higher than the model it replaces.