Last Year a CD Had a Price of $12 and This

question 58

Multiple Choice

Last year a CD had a price of $12 and this year it is $15.Which of the following does not express this price change accurately?

• A)Price rose by 25 percent
• B)Price rose by $3
• C)If this year is the base year,the index number for last year would be 80
• D)If last year is the base year,the index number for this year would be 80

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Definitions:

Implicit Influence

The subtle or unconscious impact on an individual's attitudes, beliefs, or actions without their explicit awareness.

Informational Influence

A form of social influence where an individual changes their behavior or belief based on the information or evidence provided by others.

Normative Influence

The influence that leads individuals to conform to the norms or behaviors of a group to gain acceptance or approval.

Group Size

The number of members constituting a group, which can influence the group's dynamics, communication, and effectiveness.