You Bought Snacks on Two Different Days

question 30

Multiple Choice

You bought snacks on two different days. The first day you bought 2 candy bars and 3 cups of coffee for a total of $6.50. The second day you bought 5 candy bars and 3 cups of coffee for a total of $9.50. Let b be the price of one candy bar and let f be the price of one cup of coffee.
Find the solution and interpret it.

• A) Candy costs $1.50 and coffee costs $1
• B) Candy costs $1 and coffee costs $1.50
• C) Candy costs $1.50 and coffee costs $1

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Definitions:

Prosperity Phase

A period during an economic cycle characterized by high economic growth, employment, and consumer spending.

Recession Phase

An interval of economic downturn where commercial and manufacturing operations decrease, commonly indicated by two successive quarters of falling GDP.

Disinflation

A slowdown in the rate of increase of the general price level of goods and services in a nation's gross domestic product over time.

Labor Force

The total number of people who are both employed and actively seeking employment.