Table 24-3
the Following Table Lists the Per Gallon Prices

question 85

Multiple Choice

Table 24-3
The following table lists the per gallon prices of gas and milk for the months of September, October, and November. Assume that the typical consumer buys 30 gallons of gas and 15 gallons of milk each month, and that September is the base period.
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$$\begin{array} { | c | c | c | } \hline \text { Month } & \begin{array} { c } \text { Price of Gas } \\\text { (Dollars per gallon) }\end{array} & \begin{array} { c } \text { Price of Milk } \\\text { (Dollars per gallon) }\end{array} \\\hline \text { September } & 3.50 & 3.50 \\\hline \text { October } & 3.85 & 3.52 \\\hline \text { November } & 4.25 & 3.58 \\\hline\end{array}$$
-Refer to Table 24-3. What is the inflation rate for October?

• A)6.86%
• B)8.19%
• C)7.12%
• D)-7.66%

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A concept within game theory where each player's strategy is optimal given the strategies of all other players, and no player has anything to gain by changing only their own strategy.

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