The Price of a New Textbook Is $120 in One

question 425

Multiple Choice

The price of a new textbook is $120 in one year and is $150 two years later, while the price of a used copy of the text increased from $40 to $60. The relative price of a new textbook

• A) increased from 3 to 4.5.
• B) decreased from 0.8 to 0.67.
• C) decreased from 3 to 2.5.
• D) remained constant.

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Definitions:

Royal Decrees

Official orders or proclamations issued by a sovereign or government authority, having the force of law.

Rent Payments

Monetary or other compensation given periodically by a tenant to a landlord in exchange for the use of land or property.

Cotton Industry

A sector of the economy focused on the production, processing, and trading of cotton, a key material in the textile industry, historically significant for its role in industrialization.

Death Rate

A measure of the number of deaths in a particular population, scaled to the size of that population, expressed per thousand or per hundred thousand, over a specified time period.