If the CPI Is 120 in 1996 and 180 in 2002,then

question 86

Multiple Choice

If the CPI is 120 in 1996 and 180 in 2002,then between 1996 and 2002,prices have increased by

• A)180%.
• B)80%.
• C)60%.
• D)50%.

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Definitions:

Supply

The total amount of a specific good or service that is available to consumers at a given price and time.

Quantity Supplied

The amount of a good or service that producers are willing to offer for sale at a particular price over a given period of time.

Economy Moves

The dynamic changes and shifts in economic activity and trends over time, including growth, recession, and recovery phases.

Demand

The quantity of a product or service that consumers are willing and able to buy at a given price over a specified period.