Scenario 24-1 The Price Tag on a Tennis Ball in 1975 Read

question 19

Multiple Choice

Scenario 24-1
The price tag on a tennis ball in 1975 read $0.10,and the price tag on a tennis ball in 2005 read $1.00.The CPI in 1975 was 52.3,and the CPI in 2005 was 191.3.
-Refer to Scenario 24-1.In 1975 dollars,a 1975 tennis ball cost $0.10 and a 2005 tennis ball cost

• A)$0.27,so tennis balls were cheaper in 1975.
• B)$0.27,so tennis balls were cheaper in 2005.
• C)$3.66,so tennis balls were cheaper in 1975.
• D)$3.66,so tennis balls were cheaper in 2005.