If a Change in Tastes Has Raised the Price of Tomatoes

question 61

Multiple Choice

If a change in tastes has raised the price of tomatoes by 5 percent when the general price level increased by 2 percent, the price of tomatoes

• A)ultimately increased by 7 percent.
• B)is not affected by inflation as much.
• C)increases by 3 percent relative to the average of all prices.
• D)in fact increased by 3 percent.
• E)is not of interest anymore because it is rendered meaningless by the inflation.

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