If the Cost of Apparel Increases by 50 Percent, Then

question 84

Multiple Choice

If the cost of apparel increases by 50 percent, then, other things the same, the CPI is likely to increase by about

• A) 0.5 percent.
• B) 2.0 percent.
• C) 3.0 percent.
• D) 11.8 percent.

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