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The formula for finding the change in CPI is [(new-old)/old] for different baskets of goods and services. What is the change in the CPI if the new price for transportation services is $100 and the old price was $80? A. 25% В. 15% С. 10%

The formula for finding the change in CPI is [(new-old)/old] for different baskets of goods and services. What is the change in the CPI if the new price for transportation services is $100 and the old price was $80? A. 25% В. 15% С. 10%

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The formula for finding the change in CPI is [(new-old)/old] for different baskets of goods and services. What is the change in the CPI if the new price for transportation services is $100 and the old price was $80? А. 25% В. 15% С. 10% - 2021 Acellus Corporation. All Rights Reserved. 72 F
Transcribed Image Text:The formula for finding the change in CPI is [(new-old)/old] for different baskets of goods and services. What is the change in the CPI if the new price for transportation services is $100 and the old price was $80? А. 25% В. 15% С. 10% - 2021 Acellus Corporation. All Rights Reserved. 72 F
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