The Price of a New Textbook Is $60 in One

question 145

Multiple Choice

The price of a new textbook is $60 in one year and $75 two years later, while the price of a used copy of the textbook increased from $25 to $37.50. The relative price of a new textbook

• A) increased by 25 percent.
• B) increased from 2.4 to 3.
• C) decreased from 2.4 to 2.0.
• D) decreased from 1.4 to 1.25.

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Definitions:

Expert Power

The influence or authority a person holds over others as a result of their expertise, skills, or knowledge in a particular domain.

Anticonformity

The deliberate opposition to social norms and conventions, where individuals choose to behave in ways distinctly different from or against the expected norms.

Independence

The state or condition of being free from reliance on, control by, or influence from others, often associated with self-sufficiency.

Group Size

Refers to the number of individuals forming a social or working group, affecting dynamics and outcomes of group processes.