Suppose That in Year 1 the Respective Prices of Yogurt,candy

question 92

Multiple Choice

Suppose that in year 1 the respective prices of yogurt,candy bars,and popcorn are $1,$2,and $3.In year 2 the unit prices of each are $2,$3,and $4,respectively.Which of the following statements is true of the price level between year 1 and year 2?

• A)it doubled
• B)it increased by 33 percent
• C)it rose from $6 to $9
• D)it went up from 106 to 109
• E)it must have risen at a rate between 33 percent and 100 percent

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