If the Price of Pizzas Has Risen from $4 to $5

question 175

Multiple Choice

If the price of pizzas has risen from $4 to $5 at the same time that the price of an hour of spinning class has risen from $20 to $30, then

• A)pizzas have become relatively more expensive.
• B)spinning classes have become relatively more expensive.
• C)the relative prices of pizzas and spinning classes have remained constant.
• D)workers' real income must have decreased.

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Definitions:

Destruction

Destruction refers to the act of causing such significant damage to something that it loses its value, function, or identity.

Damage

Damage refers to the loss or injury suffered as a result of an act or omission, which may be subject to compensation in legal terms.

Agreement to Sell

A contractual arrangement where a seller agrees to transfer goods or services to a buyer at a future date, under specified conditions.

Contract to Sell

An agreement where one party promises to transfer ownership of goods or property to another upon the satisfaction of specified conditions.