Michael Chang Buys Only Tennis Rackets During a Particular Year

question 93

Multiple Choice

Michael Chang buys only tennis rackets during a particular year.During the year in question,the price of all goods rises by 10% on average,but the price of tennis rackets remains the same.Which statement is correct?

• A) Michael benefits from inflation.
• B) Michael does not experience inflation because he only buys tennis racquets.
• C) No matter what Michael buys, he experiences inflation.
• D) Michael does not benefit from inflation.
• E) We cannot conclude anything from the information given.

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Definitions:

Enjoy Life

The concept of deriving pleasure and satisfaction from a wide range of activities and experiences.

Physician-Assisted Suicide

A medically facilitated process allowing terminally ill patients to end their lives, under legal and ethical guidelines.

Terminally Ill

Describes an individual suffering from a disease that cannot be cured and will likely lead to death.

Constant Pain

Persistent, ongoing pain that doesn’t go away over time, often requiring medical management to improve quality of life.