The Price of a Litre of Gasoline Was $0

question 82

Multiple Choice

The price of a litre of gasoline was $0.12 in 1972,when the consumer price index (CPI) was 21.9.The cost of a litre of gasoline was $0.50 in 2000,when the CPI was 95.4.Between 1972 and 2000,the real cost of a litre of gasoline

• A) increased.
• B) decreased.
• C) remained constant.
• D) may have either increased or decreased.
• E) cannot be determined.

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Definitions:

Appraisal Rights

Legal rights that allow shareholders to have their shares appraised and receive compensation in the event of an unfavorable corporate action.

Dissenting Shareholders

Shareholders who disagree with a major corporate decision, such as a merger or acquisition, and are often entitled to certain rights, like selling their shares back to the company at a fair value.

Legal Status

The classification of an individual's or entity's standing under the law, which can affect rights, responsibilities, and jurisdiction.

Value Determination

The process of calculating or assessing the worth of an asset, company, or financial product.