Refer to Table 3.1.1. Between 2016 and 2017, the price of coffee relative to the price of tea O A. fell; rose O B. fell; fell O C. rose; fell OD. fell; did not change OE. rose; rose while the price of coffee relative to the price of cola

Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
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Use the table below to answer the following questions.
Year
2015
2016
2017
O A. fell; rose
O B. fell; fell
C. rose; fell
OD. fell; did not change
O E. rose; rose
Refer to Table 3.1.1. Between 2016 and 2017, the price of coffee relative to the price of tea
Table 3.1.1
Table 3.1.1
Coffee Price
$2.25
$2.50
$2.25
Tea Price
$2.10
$2.00
$2.20
Cola Price
$1,80
$2.00
$2.00
, while the price of coffee relative to the price of cola
Transcribed Image Text:Use the table below to answer the following questions. Year 2015 2016 2017 O A. fell; rose O B. fell; fell C. rose; fell OD. fell; did not change O E. rose; rose Refer to Table 3.1.1. Between 2016 and 2017, the price of coffee relative to the price of tea Table 3.1.1 Table 3.1.1 Coffee Price $2.25 $2.50 $2.25 Tea Price $2.10 $2.00 $2.20 Cola Price $1,80 $2.00 $2.00 , while the price of coffee relative to the price of cola
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