Consider the Following Information About the Price and the Price

question 35

Multiple Choice

Consider the following information about the price and the price index of a popular book over three years. What was the approximate price of the book in 2011?

• A) $10
• B) $10.80
• C) $8.10
• D) $10.69

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Definitions:

Renewable Sources

Energy sources that are replenished naturally, such as solar, wind, water, and geothermal energy.

Fossil Fuels

Natural fuels formed from the remains of ancient plants and animals, such as coal, oil, and natural gas.

Amount of Supply

The total quantity of a particular good or service available for purchase at any given time.

Nonrenewable Sources

Energy sources that cannot be replenished in a short period, such as coal, oil, and natural gas.