-Refer to Table 11

question 117

Multiple Choice

-Refer to Table 11.2. If a pair of shoes and a shirt cost $100 in 1990, what did they cost (rounded to the first decimal place) in 1992 based on the inflation rate?

• A) $105.5
• B) $106.5
• C) $118.5
• D) $125.0
• E) None of these numbers are correct

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Definitions:

Sales Increase

An upward trend in the quantity of goods or services sold by a company over a particular period, indicating growth in revenue.

Sugary Treats

Foods or snacks with a high sugar content, often considered indulgent or non-essential dietary items.

Behavioral Economist

A specialist in an area of economics that studies the effects of psychological, social, cognitive, and emotional factors on economic decisions.

Long-term Effects

The impact or outcomes of actions, policies, or events that are not immediate but unfold over a longer period.