In 1973,a 1

question 60

Multiple Choice

In 1973,a 1.75 liter bottle of your professor's favorite beverage cost $16.Today it costs $32.
The consumer price index for 1973 was 44.4 and the current consumer price index is 184
(1983-84 = 100) .If the price of this beverage had kept pace with the rate of inflation,this
Bottle would cost your professor

• A) $17.
• B) $23.
• C) $36.
• D) $66.
• E) $72.

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