Amusement park admission 5.08 Museum admission 4.2 Zoo admission 3.18 Refer to the table above, which gives hypothetical data on price changes for three goods. If the overall rate of inflation in the economy was 3.5 percent, which good(s) experienced a relative price increase? Mutiple Choice Amusement park admission only Amusement park admission and museum admission Zoo admission only

Amusement park admission 5.08 Museum admission 4.2 Zoo admission 3.18 Refer to the table above, which gives hypothetical data on price changes for three goods. If the overall rate of inflation in the economy was 3.5 percent, which good(s) experienced a relative price increase? Mutiple Choice Amusement park admission only Amusement park admission and museum admission Zoo admission only

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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